Corporate report

Whole of Government Accounts, 2013 to 2014

A comprehensive assessment of the financial position of the UK public sector from the audited accounts of 5,500 organisations across government

Documents

Whole of Government Accounts year ended 31 March 2014

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Whole of Government Accounts 2013-14: key facts and figures

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Details

Whole of Government Accounts (WGA) consolidates the audited accounts of 5,500 organisations across government to produce a comprehensive, accounts-based picture of the financial position of the UK public sector. WGA is based on EU-adopted International Financial Reporting Standards (IFRS), the system of accounts used internationally by the private sector.

WGA is a major step forward in transparency and accountability. The government places a great deal of importance on fiscal transparency, and the role that it plays in its management of the public finances. Publication of the WGA supports the government’s agenda to make more public data available. The WGA is independently audited giving both Parliament and the outside world greater confidence in the figures, and supports effective scrutiny by Parliament.

The 2013 to 2014 WGA is the 5th annual publication and it complements information contained in the key National Accounts based measures used for managing the public finances. This is the first time that WGA has been published within 12 months of the financial year end. WGA data is being used to support longer term fiscal analysis, as evidenced by the Office for Budget Responsibility’s use of WGA data to inform its annual Fiscal Sustainability Report. WGA is enabling direct comparability of financial data across the public sector and is producing trend data to inform future analysis and decision making.

Published 26 March 2015
Last updated 20 July 2015 + show all updates
  1. Added 2013-14 summary sheet
  2. First published.