1.62 Alongside the Autumn Statement, the Government has published the first audited Whole of Government Accounts, based on International Financial Reporting Standards, for the year ending 31 March 2010. This is a major landmark in the delivery of the Government's commitment to improve the transparency of how public finances are managed and provides a more complete picture of the state's assets, accumulated liabilities and contingent liabilities.
1.63 These accounts provide policy makers with additional information to assess fiscal sustainability that over time will become increasingly useful to assess developments in long-term implications of policy changes.