Spending on government activities including social benefits, interest payments and other government department spending (excluding spending on capital assets).

Definition

Financial recording based on when ownership transfers or the service is provided (sometimes different to when cash is paid).

Public sector finances estimates are recorded on an accrued basis. This means that transactions are recorded when they occur and not necessarily when the cash transaction takes place. For example, whe [..]

Alignment describes the harmonising approach to produce consistent data across outputs and different measures. Alignment of data can produce revisions. Two important instances where this takes place i [..]

HM Treasury’s asset protection scheme to protect the interest of the Royal Bank of Scotland’s financial assets against losses.

See Bank of England asset purchase facility – an arm of the Bank of England able to purchase financial assets including government securities (gilts). The APF has earned interest that is periodically [..]

Common capital transfers relate to assets such as shares or other forms of equity. Capital transfers are a component of net investment.

Transactions taking the form of payment to UK Government involving cash.

Financial recording based on when cash is paid or received. Net cash requirement is recorded on a cash basis and net debt is close to being a cash measure.