CSR meaning in Accounts and Finance ?

A spending review or occasionally comprehensive spending review is a governmental process in the United Kingdom carried out by HM Treasury to set firm expenditure 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, The Netherlands, Italy, Ireland, and France. France conducted its first comprehensive spending review (called in French "la Revue Générale des Politiques Publiques") in 2008. The Netherlands have been carrying out spending reviews since 1981.

The next spending review was announced on 21 October 2020 and will take place on 25 November 2020. In contrast to previous years this review will cover a one-year period.