5.8 The fiscal aggregates, on which the Government measures its fiscal mandate, are measured using components derived from the UK National Accounts using the European System of Accounts 1995 (ESA95) framework. A criticism of PFI has been because of the treatment of PFI under the National Accounts framework many PFI contract liabilities are not shown in Public Sector Net Debt (PSND) as they are designated to be off the Government's balance sheet. In 2011 the Government published for the first time the Whole of Government Accounts (WGA), which included an assessment of PFI liabilities consistent with accounting standards.
5.9 In order to increase transparency and control over the liabilities created by future PF2 projects, the Government will introduce a control total for the commitments arising from off balance sheet PF2 contracts signed. The Government will report against this control total in the future. We will report on progress in Budget 2013. This will form part of a wider set of reforms to the framework for managing off-balance sheet liabilities which will see the UK at the forefront of international best practice.