05757oam 22012254 450 991078834000332120230721045653.01-4623-6183-81-4527-5612-01-4518-7231-397866128430441-282-84304-4(CKB)3170000000055215(EBL)1608207(SSID)ssj0000940033(PQKBManifestationID)11523031(PQKBTitleCode)TC0000940033(PQKBWorkID)10956248(PQKB)11155342(OCoLC)503173030(MiAaPQ)EBC1608207(IMF)WPIEE2009084(EXLCZ)99317000000005521520020129d2009 uf 0engurcn|||||||||txtccrAccrual Budgeting and Fiscal Policy /Marc RobinsonWashington, D.C. :International Monetary Fund,2009.1 online resource (35 p.)IMF Working PapersDescription based upon print version of record.1-4519-1666-3 Includes bibliographical references.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 Expenditure6. Accrual Aggregate Expenditure VII. 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; ReferencesCan 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 policy in terms of accrual rather than cash aggregates. The primary focus is on the potential fiscal policy role of net lending and net financial debt. However, the paper also considers whether net worth is an aggregate with major fiscal policy relevance.IMF Working Papers; Working Paper ;No. 2009/084Accrual basis accountingFiscal policyAccountingimfMoney and Monetary PolicyimfPublic FinanceimfPublic AdministrationimfPublic Sector Accounting and AuditsimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfFiscal PolicyimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfNational Government Expenditures and Related Policies: GeneralimfPublic finance & taxationimfPublic finance accountingimfMonetary economicsimfMacroeconomicsimfAccrual accountingimfCurrenciesimfFiscal policyimfCapital spendingimfExpenditureimfFinance, PublicimfMoneyimfCapital investmentsimfExpenditures, PublicimfUnited KingdomimfAccrual basis accounting.Fiscal policy.AccountingMoney and Monetary PolicyPublic FinancePublic AdministrationPublic Sector Accounting and AuditsMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsFiscal PolicyNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockNational Government Expenditures and Related Policies: GeneralPublic finance & taxationPublic finance accountingMonetary economicsMacroeconomicsAccrual accountingCurrenciesFiscal policyCapital spendingExpenditureFinance, PublicMoneyCapital investmentsExpenditures, PublicRobinson Marc1493452DcWaIMFDOCUMENT9910788340003321Accrual Budgeting and Fiscal Policy3716451UNINA