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Friday, March 29, 2024

Office for Budget Responsibility

Advisory non-departmental public body in the UK


Office for Budget Responsibility
Office for Budget Responsibility

The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world.

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