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SINGAPORE : The Ministry of Finance is strengthening the framework for achieving better value and performance in the public sector.
It is setting up a Value-for-Money Review Office in the Accountant-General's Department.
Part of its job scope will include putting in place regular, structured reviews on how government agencies are allocating public funds.
This was announced by Minister of State for Finance Lim Hwee Hua during the debate in Parliament on the estimates for the Finance Ministry on Friday.
As an independent party not involved in the budget allocation process, Mrs Lim said the Accountant-General's Department will provide objective observations on whether government goals have been achieved with value for money.
All ministries will also have to submit a yearly report card to the Cabinet on their performance on the desired outcomes for the past year - as well as their directions for the year ahead.
Some of these key performance indicators (KPIs) are reported in the Budget Book.
However, Mrs Lim explained that the ministries' budgets are not tied to the meeting of these KPIs.
She said budgets should be seen as a means to good performance, rather than a reward for performance.
This could also mean that in some scenarios, if a KPI is not met, it could be that the Ministry needs more resources rather than less.
For example, KPIs which indicate a worsening of the security environment may signal more resources need to be devoted to security concerns. - CNA/ms
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