Recommendation 7

In light of the government’s debt management objective being high-level and the lack of measurable success criteria or indicators to assess whether the objective was being met, the NAO recommended that the Treasury should consider ways to align and extend how it measured progress against the objective.11 In response to the NAO’s recommendation, the Treasury told us that it had committed to looking at how equivalent organisations measure their borrowing performance and whether the existing metrics the Treasury use “have any gaps”. The Treasury told us that its aim was to have a “better overview of performance”.12 7 Qq 32, 36; C&AG’s Report, para 2.6 8 Q 35; C&AG Report, para 2.13 9 Q 34; C&AG’s Report para 3.24 10 Q 34; C&AG Report, para 2.17 11 C&AG’s Report, para 21 12 Q 36 10 Managing government borrowing Lack of information