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Whole of Government Accounts

Whole of Government Accounts (WGA) is a consolidated set of financial statements for the UK public sector.

It consolidates the audited accounts of around 1,500 organisations across the public sector. This includes central government departments, local authorities, devolved administrations, the health service, and public corporations, in order to produce a comprehensive, accounts-based picture of the fiscal position in any one year.

WGA is based on EU adopted international financial reporting standards (IFRS), the system of accounts used internationally by the private sector, as adapted or interpreted for the public sector context. It is similar in presentation to private sector accounts. It complements the National Accounts figures, produced by the Office for National Statistics (ONS), by providing a set of financial statements based on standards familiar to users of private sector accounts.

The aim of WGA is to enable Parliament and the public to better understand and scrutinise how taxpayers’ money is spent.  By presenting the public finances in a framework familiar to the commercial and accountancy professions, WGA increases transparency and accessibility of information about public finances.