Departments present outputs from their models to HM Treasury as part of the spending review and budget process. HM Treasury uses these outputs for forecasting, budget planning and to monitor emerging risks. Departments usually provide HM 55 Qq 52–53 56 Q 54 57 C&AG’s Report, Financial modelling in government, paras 1.20–1.21 58 Q 54 59 Q 11 60 C&AG’s Report, Financial modelling in government, paras 3.2–3.9 61 Committee of Public Accounts, Government preparedness for the COVID-19 pandemic: les...

Departments present outputs from their models to HM Treasury as part of the spending review and budget process. HM Treasury uses these outputs for forecasting, budget planning and to monitor emerging risks. Departments usually provide HM 55 Qq 52–53 56 Q 54 57 C&AG’s Report, Financial modelling in government, paras 1.20–1.21 58 Q 54 59 Q 11 60 C&AG’s Report, Financial modelling in government, paras 3.2–3.9 61 Committee of Public Accounts, Government preparedness for the COVID-19 pandemic: lessons for government on risk, 46th report of Session 2021–22, March 2022, para 15 62 C&AG’s Report, Financial modelling in government, para 3.11 63 Commit Type: conclusion | Number: 19 | Response status: not_addressed Government response: 6.1 The government agrees with the Committee’s recommendation. Target implementation date: March 2023 6.2 The Finance Function will work with the Analysis Function to identify appropriate analysis and modelling considerations relating to uncertainty and incorpora