The authors studied the ‘translation’ of government accounting working balances into fiscal balances in the EU. Non-accrual-based working balances were found to represent the most frequent primary source of data that national statistical institutions use to calculate and report fiscal balances in Excessive Deficit Procedure notification tables. Compared to accrual-based working balances, non-accrual-based working balances impose significant adjustments on current revenues and expenses to obtain fiscal balances, yet they lead to limited adjustments to several long-term transactions. The authors argue that this result originates from the selective application of the accrual principle in the construction of Government Finance Statistics.
Selective application of the accrual principle in the construction of government finance statistics: EU evidence
Bracci E.Ultimo
2022
Abstract
The authors studied the ‘translation’ of government accounting working balances into fiscal balances in the EU. Non-accrual-based working balances were found to represent the most frequent primary source of data that national statistical institutions use to calculate and report fiscal balances in Excessive Deficit Procedure notification tables. Compared to accrual-based working balances, non-accrual-based working balances impose significant adjustments on current revenues and expenses to obtain fiscal balances, yet they lead to limited adjustments to several long-term transactions. The authors argue that this result originates from the selective application of the accrual principle in the construction of Government Finance Statistics.File | Dimensione | Formato | |
---|---|---|---|
Selective application of the accrual principle in the construction of government finance statistics EU evidence.pdf
solo gestori archivio
Descrizione: Full text editoriale
Tipologia:
Full text (versione editoriale)
Licenza:
Copyright dell'editore
Dimensione
1.56 MB
Formato
Adobe PDF
|
1.56 MB | Adobe PDF | Visualizza/Apri Richiedi una copia |
I documenti in SFERA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.