Wednesday, 31 January 2018

Questions (282)

Eamon Ryan


282. Deputy Eamon Ryan asked the Minister for Transport, Tourism and Sport the financial codes that his Department uses to monitor expenditure. [4917/18]

View answer

Written answers (Question to Transport)

The Public Spending Code is the set of rules and procedures that apply to ensure that these standards are upheld across the Irish public service. The Code brings together in one place all of the elements of the value-for-money framework that has been in force up to now, updated and reformed in some respects. The Code is maintained under the management of the Central Expenditure Evaluation Unit of the Department of Public Expenditure & Reform as a resource for the entire Irish public service.

Circular 13/2014 outlines public financial management principles, procedures and additional reporting requirements for the management of grant funding from public money as well as the reclassification of grants and grants in aid. The overall principle is transparency and accountability in the management of public money, in line with economy, efficiency and effectiveness.

All State bodies under the aegis of the Department of Transport, Tourism and Sport are obliged to act under the Code of Practice for Governance of State Bodies 2016. As part of that there are a number of financial requirements set out and outcome and output metrics for the State bodies involved. As well as deadlines for financial and annual reports, the State bodies are overseen by a Shareholder Expectation letter for commercial State bodies and a Performance Delivery Agreement and Oversight Agreement for non-commercial State bodies.

All State bodies under the aegis of the Department of Transport, Tourism and Sport are also obliged to treat public funds with care, and to ensure that the best possible value-for-money is obtained whenever public money is being spent or invested.