The Government's “bonfire of the quangos” has led to 114 public bodies being axed since the coalition took power, according to a Cabinet Office report.
More than 150 of the 900 organisations that were in existence in May 2010 are also being merged into fewer than 70.
But the coalition has also created nine new quangos since the General Election, the most significant being the Office for Budget Responsibility, which produces independent economic forecasts for the Government.
The Commons Public Accounts Committee has previously questioned Government claims the reforms will generate £2.6bn savings.
But, publishing Public Bodies 2012, Cabinet Office Minister Francis Maude insisted the scheme is on track.
He said: “Instead of just talking about the reform of public bodies, this Government carried out the biggest reform in a generation.
“We acted swiftly to close down unnecessary public bodies and ensure that those that remain are fit to deliver public services efficiently and effectively.