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.
Teenager killed in rural East Devon crash
18-year-old arrested
Protest as work stops on controversial Newton Abbot project
Council steps in to stop the diggers
Petition launched to save Paignton ambulance station
'There are concerns about potential impacts on local response times'
Official challenge to Torbay solar farm project
Councillors 'call in' cabinet decision for more scrutiny
Two people injured in suspected Plymouth stabbing
The man and woman are in custody
Four councillors banned from council tax debates
It's after they failed to pay their own
