Threads / Fiscal Risks and Sustainability / In the 2019–20 WGA, the Treasury presented some important t…
Committee Material Published 14 Oct 2022 ↗ View on Parliament

In the 2019–20 WGA, the Treasury presented some important trend analysis within the Performance Report on income and expenditure, as well as assets and liabilities.47 This is an aspect of the WGA reporting that we welcome as an incredibly useful aspect of what the WGA is geared towards. However, we raised with the Treasury how in some areas there has been a lack of consistency when it comes to how this information is presented. For example, the analysis of liabilities contains data which has,...

In the 2019–20 WGA, the Treasury presented some important trend analysis within the Performance Report on income and expenditure, as well as assets and liabilities.47 This is an aspect of the WGA reporting that we welcome as an incredibly useful aspect of what the WGA is geared towards. However, we raised with the Treasury how in some areas there has been a lack of consistency when it comes to how this information is presented. For example, the analysis of liabilities contains data which has, in previous reports, been presented as a pie chart but is now presented as a bar chart. The Treasury agreed that maintaining consistent presentation of Type: conclusion | Number: 17 | Response status: not_addressed Government response: 4. PAC conclusion: Inconsistent presentation of data between years, and lack of reflection of current Government policies and economic context, reduce the usability of the Whole of Government Accounts. 4. PAC recommendation: The Treasury should ensure that analysi