The first model, the Public Sector PBR Cycle is shown in the Figure below. It starts the annual planning cycle with politicians identifying their annual high-level priorities and steps through each part of the annual planning, budgeting and reporting cycle. Each stage in the cycle is numbered according to the type of institution that typcially undertakes it where P is for Politicians, C is for Central Agencies, A is for delivery agencies, M is for multi-agency work and R is for Research and Evaluation work.