Policy paper

A strong fiscal framework

Explaining the government’s new fiscal framework and rules.

• From: HM Treasury
• Published: 30 October 2024

Documents

A strong fiscal framework

Ref: ISBN 978-1-917151-50-4

PDF, 627 KB, 28 pages

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Details

The Autumn Budget 2024 introduces a set of reforms to the fiscal framework that support fiscal sustainability and long-term growth.

This policy document outlines the government’s strengthened fiscal framework, including the new fiscal rules which put the public finances on a sustainable path. The stability rule will ensure that day-to-day costs are met by revenues, and the investment rule will unlock the investment needed to deliver economic growth while ensuring debt falls in the medium term.

Further information on the fiscal framework can be found in the document Draft Charter for Budget Responsibility: Autumn 2024.

Published 30 October 2024