Contains estimates of government deficit and debt data submitted biannually to the European Commission for the Excessive Deficit Procedure (EDP) in accordance with the Maastricht Treaty.
The Whole of Government Accounts (WGA) are a consolidated set of financial statements for the whole of the Government of the United Kingdom of Great Britain and Northern Ireland. They include central government, devolved administrations, local authorities, NHS and public corporations. The accounts will enhance the coverage, quality and transparency of the information publicly available for monitoring and analysing the sustainability of the public finances providing additional information of items such as provisions and contingent assets and liabilities to complement existing National Accounts (NA) measures.
This article's purpose is to describe the main conceptual differences between NA and WGA and to highlight key areas that are the cause of significant variations between measures compiled from the two systems.