It follows an inspection by the HM Inspectorate of Constabulary.
The report says the police have successfully reduced their spending and are planning well for the financial challenges to come.
The inspectors were also impressed with their plans for a strategic alliance with the neighbouring Dorset force.
Devon River endures 100+ days of sewage spills
Harbourne hit hard last year
Golden age Plymouth cinema set for revamp
The venue once hosted The Beatles
Exeter's oldest building needs roof repairs
City council to foot most of the bill
Newton Abbot market hall close to opening
The Grade Two listed building has been transformed
Torbay care home put into special measures
Staff failed to keep residents safe
Paignton Zoo unveils roaring upgrade plans
It will be bigger, better and wilder
