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https://hdl.handle.net/2440/78978
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Type: | Journal article |
Title: | New development: Towards a grand convergence? International proposals for aligning government budgets, accounts and finance statistics |
Author: | Heiling, J. Schuhrer, S. Chan, J. |
Citation: | Public Money and Management, 2013; 33(4):297-303 |
Publisher: | Blackwell Publ Ltd |
Issue Date: | 2013 |
ISSN: | 0954-0962 1467-9302 |
Statement of Responsibility: | Jens Heiling, Sabine Schührer and James L. Chan |
Abstract: | Government responses to recent financial crises have imposed heavy burdens on the public finances of many countries, and exposed weak links between fiscal information sources: budgets, accounts and finance statistics. In order to better understand the causes and effects of financial crises-as well as to predict them early and manage them effectively-the International Monetary Fund (IMF) recently proposed a standard for fiscal forecasting. Viewing this alignment proposal as the culmination-a 'grand convergence'-of earlier attempts at linking and improving these three fields, the authors describe and assess the IMF initiative, and discuss its likely impact. © 2013 Copyright CIPFA. |
Keywords: | Fiscal transparency government accounts government budgets government finance statistics IMF alignment proposal. |
Rights: | © 2013 The authors |
DOI: | 10.1080/09540962.2013.799838 |
Published version: | http://dx.doi.org/10.1080/09540962.2013.799838 |
Appears in Collections: | Aurora harvest 4 Business School publications |
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