Government Functional Standard - GovS 014: Debt

This standard is part of a suite of standards to guide people working in and with the UK government.

From:

Cabinet Office

Published

28 May 2020

Last updated

26 July 2021 — See all updates

Government Functional Standard - GovS 014: Debt

PDF, 310KB, 24 pages

Functional standards exist to create a coherent, effective and mutually understood way of doing business within organisations and across organisational boundaries, and to provide a stable basis for assurance, risk management, and capability improvement.

The purpose of this government functional standard is to set expectations for the management of debt owed to government departments and their arm’s length bodies. This will help achieve a more consistent approach, improve capability, minimise losses to the exchequer and ensure taxpayers money is spent in the most efficient and effective way, whilst minimising any unnecessary stress on the debtor.

‘This standard is part of a suite of standards to guide people working in and with the UK government.

Cabinet Office will support organisations in scope to develop plans to address performance gaps, where appropriate.