Prevention and Management of Government Arrears
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Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
The accumulation of government expenditure arrears is one of the most common problems in public financial management. This technical note defines expenditure arrears and the different types of arrears that arise. The economic impact of chronic expenditure arrears accumulation is highlighted. The note discusses the underlying causes and mechanisms for preventing and controlling the further accumulation of arrears. The note concludes with some strategies for managing and clearing arrears.
Series:
Technical Notes and Manuals No. 2014/003
Subject:
Arrears Budget planning and preparation Expenditure Expenditure control External debt Fiscal accounting and reporting Public financial management (PFM)
Notes:
English
Publication Date:
July 9, 2014
ISBN/ISSN:
9781498313650/2075-8669
Stock No:
TNMEA2014003
Pages:
35
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