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.
Speeders and overtakers take greats risks
Long-running dispute to be set
Plymouth fly-tipper brought to justice
Council wins long court battle
Torbay waves goodbye to Blue Flag beaches
Council ditching national accolade
Woman died after oxygen supply turned off
Warning further deaths could happen without action
Massive data centre could be built near Devon
Bigger than 180 football pitches
