Whole of Government Accounts (WGA)

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This publication contains the Whole of Government Accounts for the year ended 31 March 2011.

Whole of Government Accounts (WGA) is a consolidated set of financial statements for the UK public sector. It consolidates the audited accounts of over 1,500 organisations across the public sector, including central government departments, local authorities, devolved administrations, the health service, academies and public corporations, in order to produce a comprehensive, accounts-based picture of the fiscal position in any one year.

Contingent liabilities - a threat to fiscal stability

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Contingent government liabilities are associated with major hidden fiscal risks. Thus fiscal adjustment that targets deficit and debt reduction does not necessarily prevent fiscal instability. Banking problems, for example, have often unexpectedly drawn on public resources.
 
Fiscal risks and uncertainties are increasing for four main reasons. Private capital flows are increasing and becoming more volatile. States are moving from financing services to guaranteeing outcomes. Moral hazard in markets is on the rise.

Financing Public-Private Partnerships – Best Practices in Latin America

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In partnership with the World Bank Institute (WBI) PPIAF supported a a two-day conference to disseminate the best practices and innovations of Latin American countries' PPP programs in response to the financial crisis.

Angola: Lei Sobre as Parcerias Público Privadas

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In May 2019 Law No. 11/19, a new Law on Public-Private Partnerships, came into force. Visit the PPP Laws/Concession Laws Angola library page for more information.

Find more related materials at Public-Private Partnerships Laws/Concession Laws