A Spending Review or occasionally Comprehensive Spending Review is a governmental process in the United Kingdom carried out by HM Treasury to set firm aditure 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, Italy, and France. France conducted its first comprehensive spending review (called in French "la Revue Générale des Politiques Publiques") in 2008.
Read more about Spending Review: 2007 Comprehensive Spending Review, 2010 Spending Review
Famous quotes containing the words spending and/or review:
“This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet. He should have gone up garret at once.”
—Henry David Thoreau (1817–1862)
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