This half-day online seminar will cover the main evaluation tools recommended in the revised Public Spending Code. The tools include:
- Cost Benefit Analysis (CBA);
- Cost Effectiveness Analysis(CEA);
- Financial Analysis (FA);
- Focused Policy Assessments (FPAs);
- Multi Criteria Analysis (MCAs), and
- Value for Money Reviews (VFMs).
In Ireland, all Public Bodies are required to comply with the requirements of the Public Spending Code. The Code contains a range of evaluation tools, from Cost Benefit Analysis to Value for Money Reviews. These tools have a critical role to play if Public Bodies are to fully discharge their responsibilities of ensuring that the best possible value-for-money is obtained whenever public money is being spent or invested.
The Department of Public Expenditure and Reform regularly updates the Code to ensure that it continues to reflect current best practice in project appraisal and evaluation.
Over the past two years, revisions were announced with the publication of three Circulars:-
- In July 2019, a Circular revised the central technical references and economic appraisal parameters for the Public Spending Code. (click here)
- In December 2019, a second Circular notified Departments and Offices that the Public Spending Code (PSC) had been updated, in particular as it applies to capital expenditure; that the guidance in relation to Public Private Partnerships (PPPs) has also been updated; and that related guidance material and rules have been consolidated. (click here)
- In November 2021, a Circular setting out guidelines for an external assurance process for major public investment projects, as part of the Public Spending Code, was published. https://www.gov.ie/en/circular/9108b-252021-update-of-the-public-spending-code-guidelines-for-the-external-assurance-process-for-major-public-investment-projects/
In response to these updates, PAI’s panel of expert speakers will cover the evaluation tools through a blend of lectures, case-studies and question-and answer sessions.
At the end of the seminar, participants will have a good understanding of how the Public Spending Code should be applied in their workplace.
Ireland has 31 local authorities that are responsible for a range of local services including housing, planning, recreation and amenities and environmental protection.
All Local Authorities and all bodies in receipt of public funding are obliged to comply with the requirements of the Public Spending Code.
Each Authority is required to complete a Quality Assurance Process (QAP)and publish an annual report which is signed off by the Chief Executive.
To conclude, this seminar will also cover a segment specifically aimed at relevant staff working in local authorities to make them aware of the requirements of the Public Spending Code.
The seminar will outline how the PSC might be adapted for the type of projects/programmes that local authorities are responsible for and will cover the QAP requirements of the annual report that is due each year from each city and county council in relation to current and capital expenditure.
Our first trainer is an independent consultant economist specialising in Public Sector Governance, Better Regulation and Transport Economics. He was previously the Senior Economist at the Department of Transport. As a consultant, he has undertaken consultancy projects for the World Bank, the OECD, Government Departments and a number of private sector companies. He is an occasional lecturer in public sector economics at University of Limerick, University College Cork, and Public Affairs Ireland. He blogs regularly for Public Affairs Ireland. He holds an MA in Economics from University College Dublin and has a Fellowship from the Chartered Institute of Logistics and Transport.
Our second trainer is a partner with Indecon International Economic Consultants, and is Honorary Economist to the Irish Exporters Association. In Indecon he has worked on numerous evaluations and reviews which were based on the Public Spending Code, and have included evaluations for all of the major Government Departments. In his earlier career he worked as Chief Economist of Danske Bank, in the Banking Policy Division of the Department of Finance, the Central Bank and in Forfás. He holds a Ph.D. in Economics and a B.A. in Maths and Economics from Trinity College Dublin and has lectured in the Smurfit Business School.
Our third trainer works with the The National Economic and Social Council (NESC). She has worked as a Parliamentary Assistant in the European Parliament, where she monitored the Economic Affairs Committee, and as an Economic Analyst in Goodbody Stockbrokers. She holds a degree in Economics and English from the University of Limerick and is currently undertaking an M.Sc. in Applied Social Research from Trinity College Dublin.
Full Course Details
Title: The Public Spending Code: Key Evaluations, Revisions and Updates
Dates: Thursday 3rd March 2022
CPD: 3.5 CPD Hours
Method of Delivery: Online
Multiple Delegate Discount
3+ Delegates – 5% Discount
5+ Delegates – 10% Discount
10+ Delegates – 15% Discount
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