Can Departments retain income from Wider Markets activities?
The Treasury encourages Departments to engage in Wider Market activities. Not only does the income they generate support public spending, but also undertaking pioneering or inventive activity can enhance the skill set of civil servants, and can lead to more innovative provision of public services. The Spending Review (SR) provides an opportunity for challenging departments’ expected level of such activities and encouraging departments to exploit spare capacity. At this stage in the evolution of the Wider Markets initiative, the Treasury believes that it creates a helpful incentive for Departments to be allowed to keep wider markets income classified as negative DEL, and will set Departmental Expenditure Limits in this spirit. Departments are allowed to keep the negative DEL income that they obtain in the SR period up to the amount that was taken into account in the SR. Income cannot be predicted wholly accurately, and the Treasury wishes to encourage departments to find new income stre
Related Questions
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- Can Departments retain income from Wider Markets activities?
