Government Finance Profession

Finance Capability Swapshop Toolkit

Financial Planning

Financial planning should be linked to a Department’s corporate and strategic business planning process. Financial management should be monitored using measures designed to accurately reflect performance.

Good budgeting is essential for good financial performance. Budgets should be indicative of an organisation’s planned activities. This may include: annual financial plans; current expenditure plans; investment strategy; cashflow forecasts; and balance sheet projections.

An organisation’s strategic objectives need to be set taking into account resource implications, so as to avoid a mismatch between what it intends to deliver and its ability to deliver it.

Click on the text below for useful tools on financial planning:

• Business planning
• Budgeting
• Cash and treasury management
• Cash flow forecasting
• Balance sheet projections
• Strategic planning
• Optimal use of financial systems and budgeting tools

Please click on the links for HM Treasury guidance:

• Budgeting and classification