Charter for Budget Responsibility: autumn 2021 update

The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.

Charter for Budget Responsibility: autumn 2021 update

Details

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 is currently published in draft in line with Section 6(4) of the Budget Responsibility and National Audit Act. This requires that if the Treasury proposes to modify the guidance to the Office for Budget Responsibility included in the Charter, a draft of the modified guidance must be published at least 28 days before the modified Charter is laid before Parliament. The updated Charter will be laid and debated in Parliament in due course.

This updated version sets out the new fiscal framework announced at Autumn Budget and Spending Review 2021.