Olivia Halliday

Olivia Halliday

Head of Balance Sheet Management,
HM Treasury

Olivia Halliday is Head of Balance Sheet Management at HM Treasury working to deliver the Balance Sheet Review, an excellent example demonstrating the value of the finance profession to find ways to release resources to invest in delivering public services and to strengthen financial sustainability. It builds on the work she originally did at the Treasury, successfully publishing the first ever Whole of Government Accounts for the UK, earning the Government Finance Professional Award for Outstanding Contribution to the Profession in 2011. The UK WGA is still today one of the most comprehensive public sector financial accounts in the world.  Olivia shares her experiences and insights to other finance professionals and governments on complex issues arising from accrual accounting, large scale consolidations, and how to make sense of and get value from consolidated accrual accounts.  Before joining Treasury, Olivia has worked in the financial services and international sectors with Price waterhouse Coopers and Deutsche Bank.

  • Examining the importance of Balance Sheet Management across a central government department, such as calculating service demands and strengthening capacity
  • Outlining how Balance Sheet Management can release previously untapped resources to improve public services and the sustainability of public finances
  • Exploring how to make more effective use of public sector assets (including under-recorded and under-exploited knowledge assets)
  • Analysing how to manage exposure to public sector liabilities, such as utilising the contingent liability framework
  • Highlighting the key lessons learnt from HM Treasury’s Balance Sheet Review and the actions implemented in response

Shortlisted for the Good Governance and Risk Management Award, Public Finance Awards 2019