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Top 4 challenges for government finance leaders

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Find out how finance teams can address the four key issues for local governments today.

The public sector faces new challenges in transparency, transformation, technology and talent. Strong financial leadership is vital.

cgma.org/FourTs

Published in: Economy & Finance
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Top 4 challenges for government finance leaders

  1. 1. 111 Top four challenges for government finance leaders And how to address them
  2. 2. 222 The workforce is becoming more mobile, agile, and open.The workforce is becoming more mobile, agile, and open. Doing more with less is the new norm for the public sector. Finance teams have a crucial role to play.
  3. 3. 333 The workforce is becoming more mobile, agile, and open.The workforce is becoming more mobile, agile, and open. Global CGMA research has identified four critical areas local governments must address.
  4. 4. 444 The workforce is becoming more mobile, agile, and open.The workforce is becoming more mobile, agile, and open. And explores how finance teams must adapt…
  5. 5. 555 1. Transformation Transformation is widespread. 90% of local governments are transforming.
  6. 6. 666 There is a clear role for the finance function in overcoming the top challenges of transformation. The top 5 challenges of transformation:
  7. 7. 777 Finance must provide the right information to improve decision making around the transformation of service delivery.
  8. 8. 888 2. Technology 89% of local government leaders agree technology is critical to transformation. But data management is a key challenge.
  9. 9. 999 Finance must calculate cost and value benefits and provide data to support the right investment decisions.
  10. 10. 101010 3. Transparency 92% of local governments are increasing transparency over the next 3 years.
  11. 11. 111111 These are the five key benefits of transparency they identified:
  12. 12. 121212 To harness these benefits, finance must identify the right metrics, ensuring that their measurement is both consistent and timely.
  13. 13. 131313 Finally, to address the first three challenges, you need the right talent. 4. Talent
  14. 14. 141414 So developing talent management strategies and understanding skill shortages is vital.
  15. 15. 151515 Read the CGMA report to find out more Transformation and transparency: managing local government performance

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