Public Accounts refer to the official financial statements of a government, detailing its revenues, expenditures, and overall financial position. These accounts provide transparency and accountability, allowing citizens to understand how public funds are being managed and spent. They are typically prepared annually and are subject to audits to ensure accuracy and compliance with financial regulations. The primary purpose of Public Accounts is to inform stakeholders, including taxpayers and policymakers, about the government's financial health. This information is crucial for making informed decisions regarding budget allocations and public services. In many countries, Parliament or legislative bodies review these accounts to ensure responsible fiscal management.