Of course this pearl from a civil servant on the reason why payments of support to Welsh farmers were cut in 2006 down to £64 from £106 the previous year is well worth forgetting.
“when the Government issues resource accounts as opposed to
statements of cashflow, it recognises liabilities, future liabilities
when they occur. The effect of that is that when you get a change in
the scheme, there appeared an item which was the recognition of future
years more than one year ahead and that, therefore, gave an artificial
increase in the year in which that was recognised, not affecting the
cash payments, but affecting the recognition of the future liability
looking more than one year ahead. This is the difference between
accruals accounts and cash accounts.”
All clear there then...but there must be loads of recent statements, instructions and explanations to befuddle the dear reader.