Government Contingent Liabilities and the Measurement of Fiscal Impact:
Conventional fiscal accounting methodologies do not appropriately account for governments' noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States' saving and loan crisis. In general, deficit me...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1990
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Schriftenreihe: | IMF Working Papers
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Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Conventional fiscal accounting methodologies do not appropriately account for governments' noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States' saving and loan crisis. In general, deficit measures may underestimate the macroeconomic impact of government policies, promoting the substitution of noncash for cash expenditure and increasing future financing requirements. The paper describes extended deficit measures to address the problem, but notes their limited practical value. Nonetheless, some alternative methods of valuing contingent liabilities are proposed to gauge fiscal impact and facilitate budgetary control |
Beschreibung: | 1 Online-Ressource (40 p) |
ISBN: | 145196711X 9781451967111 |
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spelling | International Monetary Fund Verfasser aut Government Contingent Liabilities and the Measurement of Fiscal Impact Washington, D.C International Monetary Fund 1990 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Conventional fiscal accounting methodologies do not appropriately account for governments' noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States' saving and loan crisis. In general, deficit measures may underestimate the macroeconomic impact of government policies, promoting the substitution of noncash for cash expenditure and increasing future financing requirements. The paper describes extended deficit measures to address the problem, but notes their limited practical value. Nonetheless, some alternative methods of valuing contingent liabilities are proposed to gauge fiscal impact and facilitate budgetary control Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15703-9781451967111/15703-9781451967111/15703-9781451967111.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_auth | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_exact_search | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_exact_search_txtP | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_full | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_fullStr | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_full_unstemmed | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_short | Government Contingent Liabilities and the Measurement of Fiscal Impact |
title_sort | government contingent liabilities and the measurement of fiscal impact |
url | http://elibrary.imf.org/view/IMF001/15703-9781451967111/15703-9781451967111/15703-9781451967111.xml |
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