Altogether, the government saved £3.3bn worth of taxpayer’s money during the last financial year.

This was achieved through £1.2bn of operational savings and £2.1bn from tackling fraud, property asset sales and new commercial models.

Surplus property sales included the Admiralty Arch building located between the entrance to the Mall and Trafalgar Square, which generated capital receipts worth £66m.

Cabinet Office minister, Ben Gummer said: “Ensuring that our public finances are on a sustainable path is vital to securing a strong and stable economy that works for everyone.

“We have made significant steps forward in tackling fraud, selling off redundant government property such as the former Civil Service College in Sunningdale and making better use of modern digital technology to drive savings.

“The government is committed to delivering value for money for taxpayers and the Cabinet Office will continue to drive savings right across departments as set out in the Spending Review in 2015.”

As announced during the 2016 Budget, the government intends to identify an additional £3.5bn of savings in 2019/20.

Later this year, the government will release an Efficiency Review that will look at where productivity in public services can be improved.