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Revision and Updates – The Public Spending Code

Including new interactive 30 minute workshop



Public Affairs Ireland will host a half-day online seminar on Thursday 10th June 2021, that will bring participants up-to-date with the latest edition of the Public Spending Code. This seminar will cover the main evaluation tools recommended in the revised 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. During 2019 revisions were announced with the publication of two Circulars:-

  1. In July 2019, a Circular revised the central technical references and economic appraisal parameters for the Public Spending Code. (click here)
  2. 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 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.


Our Speakers

Tom Ferris 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, Tom 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.


Ronnie O’Toole 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 Ronnie worked as Chief Economist of Danske Bank, in the Banking Policy Division of the Department of Finance, the Central Bank and in Forfás. Ronnie 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.


Elaine Kennedy is an Assistant Principal Officer in the Evaluation and Audit Unit in the Department of Foreign Affairs and Trade, and is a member of the Irish Government Economic Evaluation Service. She joined the department in 2015, prior to this she worked as a Parliamentary Assistant in the European Parliament, where she monitored the Economic Affairs Committee, and as an Economic Analyst in Goodbody Stockbrokers.

Elaine 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.



Tailored Training

All of our open programmes can also be run on an in-house basis. For more information, see our page on In-House Training.


Full Conference Details

Title: Revision and Updates – The Public Spending Code
Date: Thursday 23rd September 2021
CPD: 3.5 CPD Hours
Method of Delivery: Online
Fee: €325



Tailored Training 

All of our open programmes can also be run on an in-house basis. For more information, see our page on In-House Training.




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