Fiscal Policy Under Accrual Budgeting
Author : Australia
Publisher :
Page : 28 pages
File Size : 44,91 MB
Release : 1999
Category : Accrual basis accounting
ISBN : 9780642261960
Author : Australia
Publisher :
Page : 28 pages
File Size : 44,91 MB
Release : 1999
Category : Accrual basis accounting
ISBN : 9780642261960
Author : Marc Robinson
Publisher : International Monetary Fund
Page : 36 pages
File Size : 36,92 MB
Release : 2009-04
Category : Business & Economics
ISBN :
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.
Author : United States. General Accounting Office
Publisher : DIANE Publishing
Page : 222 pages
File Size : 47,85 MB
Release : 2000
Category : Accrual basis accounting
ISBN : 1428970150
Author : United States. Government Accountability Office
Publisher : DIANE Publishing
Page : 50 pages
File Size : 16,73 MB
Release :
Category :
ISBN : 9781422399897
Author : United States. Government Accountability Office
Publisher : DIANE Publishing
Page : 46 pages
File Size : 34,72 MB
Release : 2006
Category : Accrual basis accounting
ISBN : 9781422311691
Author : Anwar Shah
Publisher : World Bank Publications
Page : 588 pages
File Size : 24,48 MB
Release : 2007
Category : Business & Economics
ISBN : 0821369407
Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems.
Author : Mr.Jack Diamond
Publisher : International Monetary Fund
Page : 30 pages
File Size : 45,13 MB
Release : 2003-02-01
Category : Business & Economics
ISBN : 1451845200
This paper reviews the role of accounting in budget system reform from the perspective of emerging economies who wish to adopt the OECD's performance budgeting reforms. While many OECD countries, pursuing the reforms associated with the New Public Management, have moved their accounting systems from a cash to an accrual basis, this paper argues that given the costs involved, such a move is perhaps only worthwhile in the context of adopting much wider public sector management reforms. Moreover, while recognizing that accrual accounting does support public expenditure management best practices, it is also argued that many of the objectives of performance-oriented budgeting can be attained by less than full accrual accounting, and that unless certain preconditions are met it is safer for countries to remain with, and improve, their cash-based accounting systems. For those countries with sound enough cash-based systems the paper describes a possible phased approach to the introduction of accruals, as well as the parallel stages of adopting the new international GFSM 2001 reporting requirements.
Author : Mr.Jack Diamond
Publisher : International Monetary Fund
Page : 84 pages
File Size : 30,11 MB
Release : 1999-07-01
Category : Business & Economics
ISBN : 9781557757876
Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
Author : OECD
Publisher : OECD Publishing
Page : 131 pages
File Size : 28,66 MB
Release : 2017-02-24
Category :
ISBN : 9264270574
This study looks at accounting and budgeting practices at the national government level in OECD countries. It discusses the challenges and benefits of accruals reforms and considers what steps countries are taking to make better use of accrual information in the future.
Author : Ms.Suzanne Flynn
Publisher : International Monetary Fund
Page : 59 pages
File Size : 32,30 MB
Release : 2016-08-05
Category : Business & Economics
ISBN : 1475521758
This technical note and manual (TNM) explains what accrual accounting means for the public sector and discusses current trends in moving from cash to accrual accounting. It outlines factors governments should consider in preparing for the move and sequencing of the transition. The note recognizes that governments considering accounting reforms will have different starting points across the public sector, different objectives, and varying coverage of the existing financial statements, it therefore recommends that governments consider each of these, and the materiality of stocks, flows and entities outside of government accounts when planning reforms and design the sequencing and stages involved accordingly. Building on international experiences, the note proposes four possible phases for progressively increasing the financial operations reported in the balance sheet and operating statement, with the ultimate aim of including all institutional units under the effective control of government in fiscal reports.