OpenLegislation

The Budget Responsibility and National Audit Act 2011 (Commencement No.1) Order 2011

S.I. 2011/892 · Made 22 March 2011

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Budget Responsibility

Made 10.00 p.m. on 22nd March 2011

In exercise of the powers conferred by section 29(3) and (4) of the Budget Responsibility and National Audit Act 2011f1 the Treasury make the following Order.

Annotations to the whole text

Footnotes

f1

2011 c.4.

Contents

  1. 1Citation and interpretation
  2. 2Provisions of the Act coming into force on 23rd March 2011
  3. 3Provisions of the Act coming into force on 4th April 2011
  4. Signature
  5. Schedule 1
  6. 1Paragraph 1
  7. 2Paragraph 2
  8. 3Paragraph 3
  9. Schedule 2
  10. 1Paragraph 1
  11. 2Paragraph 2
  12. 3Paragraph 3
  13. 4Paragraph 4
  14. 5Paragraph 5
  15. 6Paragraph 6
  16. 7Paragraph 7
  17. Explanatory note

1Citation and interpretation

(1)

This Order may be cited as the Budget Responsibility and National Audit Act 2011 (Commencement No.1) Order 2011.

(2)

In this Order “the Act” means the Budget Responsibility and National Audit Act 2011.

2Provisions of the Act coming into force on 23rd March 2011

The provisions of the Act listed in Schedule 1 to this Order come into force on 23rd March 2011.

3Provisions of the Act coming into force on 4th April 2011

The provisions of the Act listed in Schedule 2 to this Order come into force on 4th April 2011.

Signature

Michael Fabricant

Angela Watkinson

Two of the Lords Commissioners of Her Majesty’s Treasury

At 10.00pm on 22nd March 2011

1

Section 1 (Charter for Budget Responsibility)

2

Section 2 (Annual Budget documents)

3

Section 10 (Superseded statutory provisions)

1

Section 3 and Schedule 1 (Office for Budget Responsibility)

2

Section 4 (Main duty of Office)

3

Section 5 (How main duty is to be performed)

4

Section 6 (Guidance as to how main duty is to be performed)

5

Section 7 (Efficiency etc)

6

Section 8 (Reports)

7

Section 9 (Right to information)

Explanatory note

(This note is not part of the Order)

This Order brings into force Part 1 of the Budget Responsibility and National Audit Act 2011 (c.4) (“the Act”).

Article 2 and Schedule 1 to the Order specify the provisions of the Act which come into force on 23rd March 2011 (sections 1, 2 and 10). These provisions set out the fiscal policy framework of the UK, which include the preparation of a Charter for Budget Responsibility (section 1) and the obligation to prepare annual Budget documents (section 2). Section 10 repeals the fiscal policy framework provisions which are superseded by the Act.

Article 3 and Schedule 2 to the Order specify the provisions of the Act which come into force on 4th April 2011 (sections 3 to 9). Section 3 provides for the establishment of the Office for Budget Responsibility (“the Office”) as a statutory corporate body and Schedule 1 sets out its governance structures and processes. The remaining provisions of Part 1 govern the forecasting functions of the Office, setting out the main duty of the Office (section 4) and its exercise and performance (sections 5 to 8). Section 9 gives the Office the right of access to Government information relevant to performance of its main duty.