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What is Comprehensive Spending Review mean?
A spending review or occasionally comprehensive spending review is a governmental process in the United Kingdom carried out by HM Treasury to set firm expenditure limits and, through public service agreements, define the key improvements that the public can expect from these resources.
Spending reviews typically focus upon one or several aspects of public spending while comprehensive spending reviews focus upon each government department's spending requirements from a zero base (i.e. without reference to past plans or, initially, current expenditure). The latter are named after the year in which they are announced – thus CSR07 (completed in October 2007) applies to financial years 2008–2011.
Other developed countries have similar review processes, e.g. Canada, New Zealand, The Netherlands, Italy, Ireland, and France. France conducted its first comprehensive spending review (called in French "la Revue Générale des Politiques Publiques") in 2008. The Netherlands have been carrying out spending reviews since 1981.
The next spending review was announced on 21 October 2020 and will take place on 25 November 2020. In contrast to previous years this review will cover a one-year period.
referencePosted on 04 Oct 2024, this text provides information on Miscellaneous in Accounts and Finance related to Accounts and Finance. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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