Threads / Fiscal Risks and Sustainability / The content of the Whole of Government Accounts has improve…
Committee Material Published 14 Oct 2022 ↗ View on Parliament

The content of the Whole of Government Accounts has improved but does not transparently report against all key areas of government spending. The issues that are of greatest interest to users of the WGA, including the Committee, evolve over time. For example, the 2019–20 WGA includes reporting on sustainability and net zero targets, although the information included is brief, with limited detail – the Treasury plans to build on this going forwards. Providing a more comprehensive assessment of ...

The content of the Whole of Government Accounts has improved but does not transparently report against all key areas of government spending. The issues that are of greatest interest to users of the WGA, including the Committee, evolve over time. For example, the 2019–20 WGA includes reporting on sustainability and net zero targets, although the information included is brief, with limited detail – the Treasury plans to build on this going forwards. Providing a more comprehensive assessment of the impact of the pandemic on the level of fraud and error against the government should be a focus going forwards, for example by including estimates of Type: recommendation | Number: 5 | Response status: accepted Government response: The government agrees with the Committee’s recommendation. audited set of accounts, a record of past financial performance, and give an assessment of the balance sheet at a defined point in time in the past. HM Treasury will continue to improve the content of WGA,