Accrual budgeting and fiscal policy /

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Bibliographic Details
Author / Creator:	Robinson, Marc, 1953- author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2009.
Description:	1 online resource (33 pages)
Language:	English
Series:	IMF working paper ; WP/09/84 IMF working paper ; WP/09/84.
Subject:	Accrual basis accounting. Fiscal policy. Accrual basis accounting. Fiscal policy.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495413

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Fiscal Affairs Department.
Digital file characteristics:	data file
Notes:	"April 2009." At head of title: Fiscal Affairs Department. Includes bibliographical references (pages 32-33). Print version record.
Summary:	Can an accrual budgeting system-a system in which budgetary spending authorizations to line ministries are formulated in accrual terms-serve the needs of good fiscal policy? If so, how must such a system be designed? What are the practical challenges which may arise in implementing sound fiscal policy under a budgeting system which is significantly more complex than traditional cash budgeting? These are the primary questions addressed in this paper. Because any budgeting system must support the control of key fiscal policy aggregates, the paper also considers the case for reformulating fiscal.
Other form:	Print version: Robinson, Marc, 1953- Accrual budgeting and fiscal policy. [Washington, D.C.] : International Monetary Fund, ©2009

Table of Contents:

I. Introduction and Objectives; II. What is Accrual Budgeting?; III. Fiscal Sustainability and Capital Expenditure Controls; Boxes; 1. Capital Expenditure Appropriation in Australia and Denmark; IV. The Accounting Basis of Key Fiscal Policy Aggregates; 2. Net Financial Debt; 3. Major Divergences Between Net Lending and the Cash Balance: Some Examples; 4. Netting off General Government Asset Sales Receipts?; V. Net Worth, the Operating Balance, and Fiscal Sustainability; 5. Net Worth as a Fiscal Sustainability Measure?; VI. Accrual Aggregate Expenditure
6. Accrual Aggregate ExpenditureVII. Fiscal Policy for Macroeconomic Stabilization; 7. Accrual vs. Cash Measures of the Cost of Discretionary Fiscal Measures; VIII. Designing an Accrual Budgeting System to Support Accrual Fiscal Targets; 8. Net Capital Appropriations; IX. Targeting Cash Fiscal Aggregates under Accrual Budgeting; X. Controlling Budget Execution under Accrual Budgeting; 9. Net Lending vs. the Cash Balance; XI. Conclusion; References

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