§ Mr. WigleyTo ask the Chancellor of the Exchequer what is his estimate of the(a) gross and (b) net effects on total Government expenditure in each of the next five years of the Government Resources and Accounts Act 2000. [141373]
§ Mr. Andrew SmithThe Government Resources and Accounts Act 2000 provides the statutory basis for a resource-based system of parliamentary supply, as part of the long-planned move to resource accounting and budgeting (RAB) in Central Government. By measuring public spending more accurately and providing new incentives for Departments to manage their resource more effectively, I anticipate that RAB will bring about significant improvements in the value for money of public services over the next five years and beyond.