Off Balance Sheet Accounting by the Government

Off Balance Sheet Accounting by the Government

Published on 03/05/2012

The Government announced that £28B of Royal Mail pension assets would be used to reduce the projected current account deficit from £120B to £92B in 2012/13. However, this creativity excludes £37B of liabilities that it also took on and so will NOT immediately show on the Government’s books as debt. Accounting of the asylum?

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