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13 Jun 19
The unexpected effects of the FIFA World Cup and energy projects boosted real GDP growth in Russia to 2.3% in 2018, says the World Bank.
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11 Jun 19
Greece’s post-bailout reform efforts have slowed in recent months, leaving it at risk of missing fiscal targets agreed with EU lenders, the European Commission has said.
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10 Jun 19
Action as well as ambition is necessary for New Zealand to achieve the goals of its wellbeing budget, says professor of Public Financial Management at Victoria University of Wellington Ian Ball.
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10 Jun 19
Romania must change course if it is to avoid squandering progress it has made converging with more developed European economies.
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7 Jun 19
Annual inflation in OECD countries rose to an average of 2.5% in April, a 0.2% increase from March, the international development organisation has announced.
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31 May 19
A cross-party group of UK MPs has called on the chancellor to seek an agreement for a ‘registry of loans’ to governments at this month’s G20 meeting.
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17 May 19
European governments need to step up efforts to tackle fraud in cohesion spending which remain too weak, say auditors.
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2 Apr 19
The shock victory of a comedian with no political experience in the first round of Ukraine’s elections shows the growing public anger at endemic corruption in the country.
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25 Mar 19
A new international pathway will allow students to become proficient in both US and international accounting standards, says professor Irfan Bora from Rutgers University.
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18 Mar 19
For the implementation of accrual-based accounting standards and public financial management reforms to be successful long term they must have political backing, public finance experts have said.
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14 Mar 19
Europe could be “pushed down the road of accruals” next year as proposals for public sector accounting standards for the EU will be brought to the European Commission, the head of the initiative has...
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13 Mar 19
Politicians need to commit to publishing their liabilities – even if it might weaken net wealth on paper, public finance professionals have urged.
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12 Mar 19
Countries must start using the information presented in accrual financial reports to make better policy decisions, a seminar in Washington has heard.
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12 Mar 19
Governments around the world could boost their public coffers with as much as 3% of their GDP by better managing their assets and producing strong balance sheets.
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8 Mar 19
Fears have been growing in South Africa over the safety of public sector auditors since their work was given greater teeth.
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28 Feb 19
Public sector accountants are becoming “enemies of the people” because they are failing to produce clear financial reports that the public can understand, Zambia’s president has warned.
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7 Feb 19
Adopting accounting standards similar to those used by private companies and based on accrual accounting could restore trust in governments, writes investment consultant Dag Detter.
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16 Jan 19
India is providing public financial management training to civil servants from the Ministry of Finance in Nepal.
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7 Dec 18
IPSASB’s social benefits standard has finally been approved after 16 years but this is just the start and it is likely to be reviewed after a few years of use, says the board’s Paul Mason.
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4 Dec 18
Attracting accountants to the public sector is one of Malta’s biggest challenges as it shifts to an accrual-based financial reporting system, the director of government accounts has told PF...
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26 Nov 18
The Philippine government is overhauling its procurement system as part of wide-ranging plans to digitise financial management systems and improve transparency.
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31 Oct 18
Integrated reporting can improve governance, accountability, and rebuild trust in a post-crisis global economy, argues the IIRC’s Jonathan Labrey.
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30 Oct 18
Nigerian states are lagging behind in the adoption of international accounting standards, the country’s accountant general has warned.
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25 Oct 18
International public finance expert Manj Kalar explains why it is important to look at public sector balance sheets to get a full picture of government accounts.
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19 Oct 18
Malaysia will shift to accrual accounting within the next three years as part of reforms to stop the “excesses of the past”.