Timeliness is essential when gathering high-quality data needed to produce useful information; delays reduce the value and transparency of information in the WGA and diminish its potential to generate valuable insights.17 The published accounts are an important source for key stakeholders including Parliament, and major fiscal bodies such as the International Monetary Fund and Office for Budget Responsibility, and underlying data is used by HM Treasury to help manage the public finances. In o...

Timeliness is essential when gathering high-quality data needed to produce useful information; delays reduce the value and transparency of information in the WGA and diminish its potential to generate valuable insights.17 The published accounts are an important source for key stakeholders including Parliament, and major fiscal bodies such as the International Monetary Fund and Office for Budget Responsibility, and underlying data is used by HM Treasury to help manage the public finances. In order to fully exploit this potential, the information provided must be complete, accurate and timely.18 Type: conclusion | Number: 7 | Response status: not_addressed Government response: 1.1 The government agrees with the Committee’s recommendation. Recommendation implemented 1.2 HM Treasury wrote to the Committee in October 2022 indicating that the planned March 2023 publication date for the 2020-21 Whole of Government Accounts (WGA) was unlikely to be achieved. The Treasury is rev