06000oam 22013334 450 991096559810332120250426110630.0978661284304497814623618301462361838978145275612714527561209781451872316145187231397812828430421282843044(CKB)3170000000055215(EBL)1608207(SSID)ssj0000940033(PQKBManifestationID)11523031(PQKBTitleCode)TC0000940033(PQKBWorkID)10956248(PQKB)11155342(OCoLC)503173030(MiAaPQ)EBC1608207(IMF)WPIEE2009084(IMF)WPIEA2009084WPIEA2009084(EXLCZ)99317000000005521520020129d2009 uf 0engurcn|||||||||txtccrAccrual Budgeting and Fiscal Policy /Marc Robinson1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (35 p.)IMF Working PapersDescription based upon print version of record.9781451916669 1451916663 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 policyAccountingimfAccrual accountingimfCapital investmentsimfCapital spendingimfCurrenciesimfExpenditureimfExpenditures, PublicimfFinance, PublicimfFiscal PolicyimfFiscal policyimfGovernment and the Monetary SystemimfMacroeconomicsimfMonetary economicsimfMonetary SystemsimfMoney and Monetary PolicyimfMoneyimfNational Government Expenditures and Related Policies: GeneralimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfPayment SystemsimfPublic AdministrationimfPublic finance & taxationimfPublic finance accountingimfPublic FinanceimfPublic Sector Accounting and AuditsimfRegimesimfStandardsimfUnited KingdomimfAccrual basis accounting.Fiscal policy.AccountingAccrual accountingCapital investmentsCapital spendingCurrenciesExpenditureExpenditures, PublicFinance, PublicFiscal PolicyFiscal policyGovernment and the Monetary SystemMacroeconomicsMonetary economicsMonetary SystemsMoney and Monetary PolicyMoneyNational Government Expenditures and Related Policies: GeneralNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockPayment SystemsPublic AdministrationPublic finance & taxationPublic finance accountingPublic FinancePublic Sector Accounting and AuditsRegimesStandards332.152Robinson Marc1493452DcWaIMFDOCUMENT9910965598103321Accrual Budgeting and Fiscal Policy4371774UNINA