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About: Budget Responsibility and National Audit Act 2011     Goto   Sponge   NotDistinct   Permalink

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The Budget Responsibility and National Audit Act 2011 (c. 4) is an Act of the Parliament of the United Kingdom. It provides a statutory footing for the already-established Office for Budget Responsibility, and requires the treasury to set out its approach to fiscal policy in a Charter for Budget Responsibility. It also sets out a new structure for the National Audit Office and repeals the Fiscal Responsibility Act 2010. It was introduced in the House of Lords by the Commercial Secretary to the Treasury Lord Sassoon, on behalf of the Government, and it received Royal Assent on 22 March 2011.