Budgets are under ever increasing pressure these days, and we’re often having to achieve more with less. This is especially so in the public sector environment where every penny counts and is accountable. Hence effective financial management is an ever increasing fundamental component of managing well.

This session provides an introduction and overview to the headline principles and practicalities of budget management. The webinar is built around three central and integrated themes. The first theme is the Budget Cycle, including planning, managing and closing. The second theme is about the key budget dimensions and the categories of income and expenditure, such as capital and revenue, internal and external, and fixed and variable costs. The third theme is about the spending journey, from specification and purchase order, through to invoice and payment. We’ll also consider the broader context for budget management and some general tips and pointers too.

Budget basics