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HM Treasury

Public spending & reporting

CSR07 VFM Programme (PDF file 208KB)

All savings reported by departments will be cash-releasing, sustained and reported net of costs. Building on the record of delivery and as a result of the work of the Operational Efficiency Programme and Public Value Programme the target of £30 billion was increased in the 2008 Pre-Budget Report to £35 billion, releasing £5 billion of additional recoverable savings in 2010-11.

CSR07 VFM Programme (PDF file 208KB)

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