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27 Mar 17
An Indonesian tax amnesty scheme has seen over $330bn in assets declared in less than a year, making it one of the most successful ever conducted.
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22 Mar 17
Nigeria today launched an IPSAS-compliant accounting solution to be rolled out across the country’s federal, state and local government.
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21 Mar 17
Eurozone finance ministers have agreed to benchmark the sustainability of member states’ pension systems against the performance of the best.
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20 Mar 17
UK aid is to fund training courses in financial management, governance and cost effectiveness to smaller British organisations managing humanitarian projects around the world.
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20 Mar 17
A crisis over how to pay $862.5m per month in benefits relied upon by 17 million people in South Africa has been averted by the country’s constitutional court.
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17 Mar 17
Kenya’s president took aim at “staggering” civil service salaries in the country in his state of the nation speech to parliament earlier this week.
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16 Mar 17
Chief economist and co-head of sovereign ratings at credit ratings agency DBRS, Fergus McCormick, summarises the rating processes, and how accrual information can help.
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16 Mar 17
Fayez Choudhury, CEO of the International Federation of Accountants, talks about why strong public financial management matters and the barriers to achieving it from an accountancy perspective.
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13 Mar 17
IPSASB chair Ian Carruthers discusses the purpose of Transparency and Beyond – a seminar on the next steps for accrual accounting organised by IPSASB, the World Bank and the IMF and held at the fund'...
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13 Mar 17
The supposed benefits of switching to accrual accounting are backed up by evidence, Andreas Bergmann, former IPSASB chair and professor at Switzerland’s Zhaw School of Management and Law has...
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10 Mar 17
Switching to accrual accounting can secure better credit ratings for governments, Fergus McCormick, chief economist and co-head of sovereign ratings at agency DBRS has said.
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10 Mar 17
The international community should do more to drive the global adoption of accrual accounting, Jim Brumby, a director of the World Bank’s Governance Global Practice, has said.
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28 Feb 17
International lenders have arrived in Greece today to examine the implementation of public sector reforms needed before the latest tranche of cash can be released as part of the country’s...
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24 Feb 17
Germany’s budget surplus has hit an almost two-decade high, at €24bn, bolstered by tax receipts from strong employment.
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23 Feb 17
Ratings agency Fitch has warned of the risk posed by China’s high local public debt issued through a back door route.
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23 Feb 17
India’s growth will slow by around 1% as a result of its sudden demonetisation experiment, the International Monetary Fund has said, although the impact will only be temporary.
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23 Feb 17
South Africa has created a new top income tax bracket of 45%, its finance minister Pravin Gordhan announced as he delivered the country’s 2017 budget.
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22 Feb 17
Government ministries in Singapore will have their spending caps permanently cut by 2%, it was announced in the country’s budget earlier this week.
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22 Feb 17
A $1.6bn hole in Ghana’s budget has put the country’s public finances at substantial risk and is weighing on its credit rating, ratings agency Fitch said yesterday.
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21 Feb 17
The European Council has agreed fresh measures to prevent corporations avoiding tax via countries that are not members of the European Union.
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21 Feb 17
Greece and its creditors have found some “common ground” following the latest meetings on its stalling €86bn bailout in Brussels yesterday.
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20 Feb 17
Mongolia has secured a provisional agreement for a $5.5bn programme with the International Monetary Fund, preventing a slip in its international credit rating.
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17 Feb 17
Growth in West Africa is at risk due to governments continually shelving plans to cut spending and raise taxes, the International Monetary Fund has warned.
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17 Feb 17
Significant changes to the operation of the world’s largest sovereign wealth fund have been outlined in proposals from the Norwegian government.
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16 Feb 17
Falling health funding in Timor-Leste must be met with better planning and policies to manage rising costs, the World Bank has said.