LEADER 05757oam 22012254 450 001 9910788340003321 005 20230721045653.0 010 $a1-4623-6183-8 010 $a1-4527-5612-0 010 $a1-4518-7231-3 010 $a9786612843044 010 $a1-282-84304-4 035 $a(CKB)3170000000055215 035 $a(EBL)1608207 035 $a(SSID)ssj0000940033 035 $a(PQKBManifestationID)11523031 035 $a(PQKBTitleCode)TC0000940033 035 $a(PQKBWorkID)10956248 035 $a(PQKB)11155342 035 $a(OCoLC)503173030 035 $a(MiAaPQ)EBC1608207 035 $a(IMF)WPIEE2009084 035 $a(EXLCZ)993170000000055215 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAccrual Budgeting and Fiscal Policy /$fMarc Robinson 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (35 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1666-3 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a6. 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; References 330 3 $aCan an accrual budgeting system-a system in which budgetary spending authorizations to line ministries are formulated in accrual terms-serve the needs of good fiscal policy? If so, how must such a system be designed? What are the practical challenges which may arise in implementing sound fiscal policy under a budgeting system which is significantly more complex than traditional cash budgeting? These are the primary questions addressed in this paper. Because any budgeting system must support the control of key fiscal policy aggregates, the paper also considers the case for reformulating fiscal policy in terms of accrual rather than cash aggregates. The primary focus is on the potential fiscal policy role of net lending and net financial debt. However, the paper also considers whether net worth is an aggregate with major fiscal policy relevance. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/084 606 $aAccrual basis accounting 606 $aFiscal policy 606 $aAccounting$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aFiscal Policy$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic finance accounting$2imf 606 $aMonetary economics$2imf 606 $aMacroeconomics$2imf 606 $aAccrual accounting$2imf 606 $aCurrencies$2imf 606 $aFiscal policy$2imf 606 $aCapital spending$2imf 606 $aExpenditure$2imf 606 $aFinance, Public$2imf 606 $aMoney$2imf 606 $aCapital investments$2imf 606 $aExpenditures, Public$2imf 607 $aUnited Kingdom$2imf 615 0$aAccrual basis accounting. 615 0$aFiscal policy. 615 7$aAccounting 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aFiscal Policy 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPublic finance & taxation 615 7$aPublic finance accounting 615 7$aMonetary economics 615 7$aMacroeconomics 615 7$aAccrual accounting 615 7$aCurrencies 615 7$aFiscal policy 615 7$aCapital spending 615 7$aExpenditure 615 7$aFinance, Public 615 7$aMoney 615 7$aCapital investments 615 7$aExpenditures, Public 700 $aRobinson$b Marc$01493452 801 0$bDcWaIMF 906 $aDOCUMENT 912 $a9910788340003321 996 $aAccrual Budgeting and Fiscal Policy$93716451 997 $aUNINA