Budget Responsibility and National Audit Act 2011

Long title

To make provision for a Charter for Budget Responsibility and for the Publication of Financial Statements and Budget Reports; to establish the Office for Budget Responsibility; to make provision about the Comptroller and Auditor General and to establish a body corporate called the National Audit Office; to amend Schedules 5 and 7 to the Government of Wales Act 2006 in relation to the Auditor General for Wales; and for connected purposes.

Summary

<p>The Bill establishes the Office for Budget Responsibility on a statutory basis, following its creation after the 2010 General Election. It requires the Treasury to publish a Charter for Budget Responsibility setting out its approach to fiscal policy. </p><p>The Bill also confirms a new corporate governance structure for the National Audit Office, under a new paid post of Chair, who would develop a joint strategy with the Comptroller and Auditor General.</p>

Progress through Parliament

1. 1st reading· Lords

   21 October 2010 – 21 October 2010

2. 2nd reading· Lords

   8 November 2010 – 8 November 2010

3. Committee stage· Lords

   29 November 2010 – 9 December 2010

4. Report stage· Lords

   31 January 2011 – 31 January 2011

5. 3rd reading· Lords

   7 February 2011 – 7 February 2011

6. 1st reading· Commons

   7 February 2011 – 7 February 2011

7. 2nd reading· Commons

   14 February 2011 – 14 February 2011

8. Programme motion· Commons

   14 February 2011 – 14 February 2011

9. Money resolution· Commons

   14 February 2011 – 14 February 2011

10. Committee stage· Commons

    1 March 2011 – 3 March 2011

11. Report stage· Commons

    22 March 2011 – 22 March 2011

12. 3rd reading· Commons

    22 March 2011 – 22 March 2011

13. Consideration of Commons amendments and / or reasons· Lords

    22 March 2011 – 22 March 2011

14. Royal Assent· Unassigned

    22 March 2011 – 22 March 2011