Mr. David Moloney:

I am happy to engage with the committee in any format it wants to apply in that area. We oversee value for money mainly through setting out the guidelines for Accounting Officers to follow. In essence, the Accounting Officer structure is the key protection in terms of the key responsibility for delivering value for money. We do the infrastructure guidelines. They are absolutely centred around delivery, but delivering on a value-for-money basis.

We also do the public financial procedures and the Minister has indicated that he intends to review public financial procedures from a value-for-money perspective later in the year. We are considering other measures generally to emphasise the role of value for money. There have been some matters that have caused a lot of public disquiet and we need to reaffirm and re-examine the roles and responsibilities and make sure everybody is aware of that need as they take decisions about taxpayers' money.