Legislation and related material
The OBR is a non-departmental public body, under the Budget Responsibility and National Audit Act 2011. The Act provides for the establishment of the office, and sets out its functions and broad governance structure.
The Charter for Budget Responsibility
The Charter for Budget Responsibility sets out the OBR’s remit, how it is to perform its duties, the required content of its key publications and the arrangements for determining the timing of its forecasts and other key publications.
11th April 2011
pdf, 259.33 kB
The OBR’s governance and management arrangements are set out in greater detail in a Framework document drawn up by the Treasury and agreed with the OBR. This describes the purposes of the OBR, how it is accountable to Parliament and the Chancellor, its governance and structure, the responsibilities of the accounting officer, the content of the annual report, the audit arrangements, and its managements and budgeting processes.
4th April 2011
pdf, 963.25 kB
Memorandum of Understanding
The Memorandum of Understanding sets out the agreed working relationship between the OBR, HM Revenue and Customs, the Department for Work and Pensions, and HM Treasury. It sets out the arrangements needed for effective working, covering each institution’s key responsibilities, coordination of the forecast process, and the process for information sharing.
4th April 2011
pdf, 220.4 kB
Construction of the permanent body
As part of his role as the Chairman of the interim OBR, Sir Alan Budd provided the Government with advice about the construction of the permanent body.
12th July 2010
pdf, 218.1 kB
Terms of Reference
The Terms of Reference, which were in effect in advance of the legislation to establish the OBR, were set by the Chancellor with agreement from the Chairman of the OBR.
12th October 2010
pdf, 227.29 kB
About the OBR