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Whole Of Government Accounts

Volume 401: debated on Tuesday 18 March 2003

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To ask the Secretary of State for Wales what impact the Whole of Government Accounts project has had on Wales. [103371]

The introduction of Whole of Government Accounts (WGA) will assist in ensuring that best practice accounting methods are used to construct accounts covering the public sector as a whole, and that fiscal reporting is as transparent as possible. Central Government Accounts (CGA) are the first step towards WGA.The Treasury has planned to produce `dry-run' CGA for 2001–02 and 2002–03, with the first CGA published for 2003–04. The Wales Office and the National Assembly for Wales are part of this process.Both the Wales Office and National Assembly for Wales have produced consolidation information for the first dry run year. The Assembly's 'consolidation group' currently includes the Assembly itself, its agencies, the Health Authorities in Wales, Estyn and the Assembly Sponsored Public Bodies.In future years the project will be extended to include NHS Trusts and local authorities. The Assembly is co-funding a project with the Treasury to examine the issues involved in consolidating local authority accounts in Wales.In addition to CGA the Assembly will produce a `Whole of Government of Wales Account' to the same timetable. This account will include bodies designated for inclusion in CGA plus the 'Wales elements' of certain cross-border authorities like the Forestry Commission in Wales.