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Resource Accounting and Budgeting

Resource Accounting and Budgeting (RAB) is a system of planning, controlling and reporting on public spending for government.

RAB was launched in 1993, with a commitment to introduce resource accounting. This was followed by a White Paper in 1995 (Cm2929), which gave a commitment to use resource accounting as the basis of public expenditure planning and control.

Resource Accounting is the application of accruals accounting for reporting on the expenditure of central government and a framework for analysing expenditure by departmental aim and objectives, relating these to outputs where possible.

HM Treasury's Resource Accounts 2007-08 were published on Wednesday 16 July 2008.

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