... interpretation of financial and non-financial information to the governing body and managers, supporting them in understanding the financial health of the entity and progress in delivering financial objectives, ... each other 11 GOOD GOVERNANCE IN THE PUBLIC SECTOR Figure 1: Relationships between the Principles of Good Governance in the Public Sector 2.5 The core principles for good governance in the public ... services, including establishing financial objectives, policies and strategies, capital planning and budgeting, raising finances, tax planning, and managing working capital, cash flow, and financial...