This paper will analyze various aspects of contemporary attempts to reform the financial management system in the United Kingdom. The traditional model of public budgeting in this country has not remained immune to the trends of rapid adoption of rationalist concepts of modeling financial planning systems, which are initially based on the „umbrella“ conceptual framework - the doctrine of the New Public Management. The paper will describe the main operational instruments for introducing new ideas into the British financial management system, and will point out the key shortcomings that have determined their scope in the practice of public budgeting.
