W
TUESDAY, SEPTEMBER 27, 1994
AN
FINANCIAL MANAGEMENT REFORM MADE IN GOVERNMENT
AT FOR THE
THREE YEARS, MADE THE
HAS, OVER THE LAST TWO TO GOVERNMENT
IN CONSIDERABLE ADVANCEMENT
REFORM AIMED FINANCIAL MANAGEMENT
GIVING
INCREASED DEGREE OF DELEGATED RESPONSIBILITY MANAGEMENT OF RESOURCES TO BRANCH SECRETARIES AND TO THEIR DEPARTMENTS, THE SECRETARY FOR THE TREASURY, MR DONALD TONIGHT (TUESDAY).
BEADS OF SAID TSANG,
THE
SPEAKING AT THE 1993 ASIAN MANAGEMENT AWARDS AWARDING CEREMONY, MR TSANG SAID
FOLLOWED MANY YEARS, THE GOVERNMENT HAD, FOR PRINCIPAL BUDGETARY GUIDELINE THAT GOVERNMENT EXPENDITURE SHOULD GROW FASTER THAN THE TREND GROWTH RATE OF THE ECONOMY.
"OVER THE YEARS, WE HAVE BEEN VERY SUCCESSFUL IN THAT AIM.
NOT
RANGE
IN REAL GROWTH
"SINCE WE INTRODUCED THE DISCIPLINE OF THE MEDIUM FORECAST IN THE MIDDLE OF THE 1980'S, THE CUMULATIVE GROWTH TERMS IN GOVERNMENT SPENDING HAS ALMOST PRECISELY MATCHED THE IN THE ECONOMY, HE SAID.
11
OF THE THOSE
ΤΟ ENSURE THAT THE GOVERNMENT MAKES THE OPTIMUM USE RESOURCES AT ITS
THE DISPOSAL,
GOVERNMENT HAD ENCOURAGED RESPONSIBLE FOR THE PROVISION OF SERVICES TO LOOK INCREASINGLY AT POSSIBILITIES OF INTRODUCING IMPROVED SERVICES BY THE REDEPLOYMENT FUNDS FROM EXISTING ACTIVITIES, MR TSANG NOTED.
"WE
THE
OF
BRANCH WHERE RESULTS ACHIEVED BY
HAVE SET UP A FRAMEWORK OF REVIEW MEETINGS
THE RESOURCES USED AND THE REVIEW
SECRETARIES THEIR VARIOUS DEPARTMENTS.
"AND THROUGH THIS PROCESS, WE WILL BE ESTABLISHING TARGETS BOTH SERVICE PERFORMANCE AND EFFICIENCY."
FOR
WERE THE STAR FINANCIAL FOR THE
IN ADDITION, MR TSANG SAID, BRANCH SECRETARIES THEMSELVES
TO ACCOUNTABLE FOR THE PERFORMANCE OF THEIR PROGRAMMES
THE CHAMBER, A COMMITTEE COMPRISING THE CHIEF SECRETARY, SECRETARY, THE SECRETARY FOR THE TREASURY AND THE SECRETARY CIVIL SERVICE.
HAVE
"WE
IT HAS THIS A ALREADY
VALUABLE PROCESS. FOUND
EXAMINE THE MASS OF PROVIDED AN
TO SYSTEMATICALLY OPPORTUNITY
ON A ON OUR EXISTING ACTIVITIES
CONTINUOUS GOVERNMENT EXPENDITURE BASIS.
"IT HAS LED TO AN ENHANCED AWARENESS, THROUGHOUT GOVERNMENT, OF HAS ALREADY THE NEED FOR THE ACTIVE MANAGEMENT OF RESOURCES AND IT PRODUCED SOME INTERESTING IDEAS AND INITIATIVES.
J
"WE DO NOT, OF COURSE, EXPECT OVERNIGHT SUCCESS, BUT TAKEN WHAT I BELIEVE TO BE A FURTHER AND VITAL STEP TOWARDS OUR
THE OF ALLOCATING RESOURCES TO THOSE SERVICES WHICH PROVIDE BENEFIT TO THE ECONOMY AND TO THE COMMUNITY," MR TSANG SAID.
WE HAVE
GOAL
OPTIMUM
0
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