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Author/Editor:
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Irwin, Timothy
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Publication Date:
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September 01, 2012
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Electronic Access:
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Free Full text
(PDF file size is 931KB).
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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
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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.
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Order a print copy
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Series:
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Working Paper No. 12/228
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Subject(s):
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Accounting | Budget deficits | Fiscal transparency
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Author's Keyword(s):
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government accounting | budget deficits | accounting devices. |
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