The consolidated report describes the financial situation of the government sector and the performance of the state’s action plans and evaluates internal control.

The consolidated report of the state consists of two parts:

• the management report, which describes the state’s economic development, including the development of the public sector and the government sector, achievement of the goals set in the state’s action plans, and performance. The report gives an opinion of the state’s internal control systems and the organisation of internal auditing;
• the consolidated and unconsolidated annual accounts of the state, which describe the state’s financial performance and financial status, incl. the financial data of state budget execution;
• a summary of the financial performance and financial status of local authorities, the government sector and the public sector are also presented.

The Ministry of Finance submits the consolidated report to the government and the Riigikogu by 31 August every year. The correctness of the report and its compliance with law is assessed by the National Audit Office, which submits its positions and proposals, and the report is then approved by the Riigikogu.