Charter for Budget Responsibility

E366816

The Charter for Budget Responsibility is a UK government framework that sets out the fiscal rules and objectives guiding the Office for Budget Responsibility’s oversight of public finances.

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United Kingdom government document
fiscal policy framework
aimsTo ensure transparency in fiscal policy
promote fiscal sustainability
support credibility of the UK’s fiscal framework
appliesTo United Kingdom public finances
approvedBy British Parliament
surface form: UK Parliament
canBe revised by the government
category United Kingdom economic policy
United Kingdom public finance
country United Kingdom
defines government’s fiscal mandate
supplementary fiscal targets
definesRoleOf Office for Budget Responsibility
governs framework for fiscal policy-making in the UK
oversight of the UK public finances by the Office for Budget Responsibility
influences UK budget decisions
medium-term fiscal planning in the UK
inForceIn 21st century
language English
legalBasis Budget Responsibility and National Audit Act 2011
monitoredBy Office for Budget Responsibility
objective to anchor fiscal policy in clear rules
to provide a stable framework for budget responsibility
partOf United Kingdom fiscal framework
presentedBy Chancellor of the Exchequer
publisher HM Treasury
regulates relationship between HM Treasury and the Office for Budget Responsibility
relatedTo Office for Budget Responsibility
UK budget process
UK fiscal rules
requires OBR
surface form: OBR to act independently

Charter for Budget Responsibility self-linksurface differs
surface form: OBR to produce objective fiscal analysis

Office for Budget Responsibility
surface form: Office for Budget Responsibility to assess performance against fiscal targets

government to set out fiscal policy objectives
government to set out fiscal targets
parliamentary approval for revisions
scope UK central government fiscal policy
setsOut fiscal objectives
fiscal rules
specifies OBR’s remit in relation to evaluation of fiscal targets
OBR’s remit in relation to fiscal forecasts
OBR’s remit in relation to fiscal sustainability analysis
subjectOf parliamentary debate
typeOfRule fiscal responsibility rule
usedBy HM Treasury
Office for Budget Responsibility
British Parliament
surface form: UK Parliament

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Budget Responsibility and National Audit Act 2011 relatedTo Charter for Budget Responsibility
Fiscal risks report relatedTo Charter for Budget Responsibility
this entity surface form: OBR Charter for Budget Responsibility
Charter for Budget Responsibility requires Charter for Budget Responsibility self-linksurface differs
this entity surface form: OBR to produce objective fiscal analysis