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24 Jan 23
The Ghanaian government’s auditor general has criticised how departments spent, and managed billions of cedi allocated to fund the Covid-19 response.
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17 Jan 23
The US Congress not raising the country’s debt ceiling could lead to “irreparable harm” to the US and the world economy if the government ended up defaulting, Treasury secretary Janet Yellen said.
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19 Dec 22
The Ghanaian government has suspended payments on all bonds, commercial loans and bilateral debt, as the nation seeks to restructure its debts.
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14 Oct 22
A watchdog has found the amount of money spent not in accordance with European Union rules rose again last year, leading to it issuing an adverse opinion in its annual report.
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27 Sep 22
The Swiss government has lost a referendum over abolishing taxes paid by companies on domestic bonds and share sales, aimed at promoting investment in the nation.
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5 Sep 22
The Sri Lankan government has reached a preliminary agreement on a $2.9bn bailout with the International Monetary Fund, amid a financial crisis
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31 Aug 22
The Sri Lankan government has outlined plans to increase taxes as discussions over an International Monetary Fund bailout reach the “final stage”.
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11 Aug 22
The end of increased budget scrutiny on the Greek government closes a “difficult chapter” in its history and recognises the sacrifices made to reach financial stability, its finance minister has said...
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26 Apr 22
Sovereign wealth funds have become more risk averse with their investment, as they seek a safe haven for cash amid rising geopolitical tensions, according to an industry body.
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1 Mar 22
Chad is receiving support from the United Nations to help train officers and install new debt management software, in a bid to improve public finances.
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22 Jun 21
Professional accountancy organisations can be central to implementing, maintaining and strengthening effective public financial management, according to the Confederation of Asian and Pacific...
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1 Jun 21
The global recession caused by the coronavirus pandemic led to a record 32 credit rating downgrades in 2020, according to ratings agency Fitch.
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10 Dec 19
Academics are being called to submit papers for a special edition of Public Money & Management on governmental accounting systems around the world.
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28 Nov 19
The EU now meets “high standards of accountability and transparency when spending public money”, the European Court of Auditors has concluded.
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11 Oct 19
Governments must ready themselves for a global economic downturn and help stimulate their economies if necessary, CIPFA has told PF International.
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17 Sep 19
A slowdown in the Icelandic economy should spur the country on to diversify its economy, the OECD has said.
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13 Sep 19
The UK government must do more to ensure departments better understand how to spend aid more efficiently, a watchdog has found.
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5 Sep 19
Argentina’s debt crisis was an “inevitable” consequence of failures by the International Monetary Fund, a campaigning charity has claimed.
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28 Aug 19
Top civil servants broadly have two strategies to choose between when deciding on efficiency cutbacks but must bear in mind the values that motivate the decisions, explains Leiden University’s Eduard...
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27 Jun 19
A government commission has been launched into a $1.2bn loan borrowed by Papua New Guinea’s previous government after a damning report by a watchdog.
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14 Jun 19
The eurozone faces a triple threat that has the potential to push the economy deeper into a slump, warns the IMF.
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29 May 19
Now that we have professionalised the management of debt and the management of interest rates then why not do the same with assets? Financial adviser Dag Detter asks.
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28 May 19
Lebanon’s cabinet has approved an austerity budget in an attempt to balance its books, the country’s finance minister has announced.
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8 Mar 19
The Indian state of Chhattisgarh is pushing on with its public financial management reforms with the support of a $25.2m loan from the World Bank.
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18 Feb 19
Corruption weakens democratic institutions and populist leaders can take advantage of mistrust in public bodies, says Transparency International's Coralie Pring.