VerbatimParliament, as it happens

Public Finance: Sustainable Development

Asked by Jim ShannonDemocratic Unionist PartyTreasuryTabled Answered 4 June 2026UIN 3243

The question

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the long-term sustainability of public finances.

Answered by Torsten Bell

The Office for Budget Responsibility (OBR) is the Government's official independent forecaster responsible for assessing the UK economic and fiscal outlook.

The Office for Budget Responsibility is required to prepare an analysis of the sustainability of the public finances annually, known as a Fiscal Risks and Sustainability Report (FRS), as set out in the Budget Responsibility and National Audit Act (BRNAA) 2011. The content of the FRS is determined independently by the OBR. The most recent FRS was published on 8th July 2025.

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