How does the Fiscal Service transform the way the federal government manages its financial services? What is the Fiscal Service doing to promote financial integrity and operational efficiency? How has the consolidation to Fiscal Service gone? Join host Michael Keegan as he explores these questions and more with Dave Lebryk, Commissioner, Bureau of the Fiscal Service, U.S. Department of the Treasury.
We’ve talked about the age of austerity, and the kind of tough decisions ahead of us if we’re going to address the mounting debt while improving the performance of the government. In this post, I also wanted to share a few noteworthy articles about the same efforts to rein in spending for some countries in the European Union.
Last week, the National Commission on Fiscal Responsibility and Reform made recommendations to our leaders that identify savings opportunities to reduce the national debt. The opportunities target roughly the same time horizon as my report does and identifies nearly four times as much potential savings.
Within these pages, we have assembled a varied group of leaders, innovators, practitioners, and thinkers, who in their own way offer models to follow, provide insights that can infuse theory to practice, and pave the way to shaping the business of government.
Recent recommendations from OMB around IT Reform depend critically on the ability of those individuals and teams to manage large scale IT programs effectively, and to communicate with each other before, during, and after the contracts for such programs are released. This reality reinforces the fact that success relies on people, not technology: well-qualified leaders and managers who are incentivized to work together and achieve results.
This contribution outlines 10 principles designed to provide
insight into effective and efficient strategies on how to
best deploy financial management systems in alignment
with OMB’s goals and policies, with a focus on optimizing
resources and information in a modernized environment.
We offer these principles based upon lessons learned
from multiple financial management system deployments
throughout the public sector domestically and abroad.