Full Implementation of Resource Accounting & Budgeting
This guide is published to coincide with the full implementation of Resource Accounting and Budgeting (RAB) from 2001-02.
RAB translates the Government's strategic priorities into departmental strategies and budgets and then reports to Parliament on the services provided.
From April 2001, the Government moved fully to the new resource-based financial management system. The new system, by bringing together central government planning, budgeting, Estimates and reporting on to a resource basis, places the United Kingdom government amongst the world leaders in financial management reform in the public sector.