The Department remains a long way short of having the finance skills it needs to manage the Plan effectively. Strong financial skills are needed to manage the large and complex set of programmes, crucial to a well managed and affordable Plan. But according to HM Treasury, the Department is in the third quartile of government departments in terms of financial capability. The proportion of Finance staff with professional qualifications has only increased from 41% to 43% in two years, against a ...

The Department remains a long way short of having the finance skills it needs to manage the Plan effectively. Strong financial skills are needed to manage the large and complex set of programmes, crucial to a well managed and affordable Plan. But according to HM Treasury, the Department is in the third quartile of government departments in terms of financial capability. The proportion of Finance staff with professional qualifications has only increased from 41% to 43% in two years, against a target of 60%. There are hundreds of gaps in finance staff across the Department. Ministry of Defence Equipment Plan 2021–31 7 We acknowledge that some p Type: conclusion | Number: 5 | Response status: not_addressed Government response: 5.1 The government agrees with the Committee’s recommendation. Target implementation date: Autumn 2023 5.2 The department is committed to improving financial professionalism recognising that this is vital to improving financial outcomes. It takes time to train per