Managing Resources
Implementing Resource based Financial Management
In April 2001, the Government moved to a 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.
This Guide summarises the key elements of the move to full resource based financial management, with Resource Estimates replacing cash based Estimates and resource accounts replacing cash based appropriation accounts with effect from 2001-02. The Government’s biennial Spending Reviews are also now conducted on a full resource basis.
The Implementing Resource Based Financial Management document is available below in Adobe Acrobat Portable Document Format (PDF) and text format. If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
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