Some Algebra of Fiscal Transparency : How Accounting Devices Work and How to Reveal Them

Author/Editor:

Timothy Irwin

Publication Date:

September 1, 2012

Electronic Access:

Free Full text (PDF file size is 931 KB).Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some devices can be revealed by moving progressively from cash accounting to modified accrual accounting to full accrual accounting. Revealing all would require the publication of extended fiscal accounts in which all future cash flows give rise to assets or liabilities.

Series:

Working Paper No. 12/228

Subject:

English

Publication Date:

September 1, 2012

ISBN/ISSN:

9781475510577/1018-5941

Stock No:

WPIEA2012228

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

19

Please address any questions about this title to publications@imf.org