Charter for Budget Responsibility: autumn 2016 update
The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.
Ref: ISBN 978-1-911375-63-0, PU2031 Unnumbered act paper PDF, 312KB, 20 pages
Ref: ISBN 978-1-911375-50-0, PU1989 Unnumbered act paper PDF, 341KB, 20 pages
The Charter for Budget Responsibility sets out the government’s fiscal and debt management policy and how this will operate. This includes the government’s fiscal and debt management objectives and its targets which will deliver these objectives (including the “fiscal mandate”). The Charter for Budget Responsibility is required by the Budget Responsibility and National Audit Act 2011.
This updated version was initially published in draft in November 2016. It sets out the new fiscal framework announced at Autumn Statement 2016, changes to the operation of the welfare cap, and minor amendments to text on the operation of debt management.