On 1 July 2016, the frameworks replaced the Budget and Financial Management Guidances (BFMGs). The Budget Operations Framework (BOF), Financial Reporting Operations Framework (FROF) and Performance Management Framework (PMF) reconstitute the BFMGs into three frameworks, removing unnecessary or outdated requirements, clarifying the intention of mandatory requirements and improving the structure.
Departments are required to apply these frameworks under the Standing Directions 2018 under the Financial Management Act 1994 (Directions). This includes the compliance requirements set out in the Directions, including public attestation of compliance in annual reports from 2017-18.
DTF plans to undertake a second stage of reform involving a detailed review of the policy content of the frameworks in the coming months. This will be done in close consultation with departments.