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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.
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13 Feb 17
Countries can “leapfrog” periods of slower development by linking tax policy reform with measures to improve collection and administration, Christine Lagarde has said.
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10 Feb 17
Australia’s plan to eliminate its deficit risks being overly ambitious and doing more harm than good in an economy stuck in a “new mediocre”, according to the International Monetary Fund.
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8 Feb 17
The rift over the Greek bailout programme has deepened after the country’s government and European leaders hit back at a “pessimistic” International Monetary Fund report published yesterday.
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7 Feb 17
Two UK government aid funds worth a combined £2.3bn ($2.9bn) have come under fire today for a lack of transparency and "serious risks" around value for money.
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2 Feb 17
A more credible system of penalising European Union member states that break the bloc’s budgetary rules is needed, according to the International Monetary Fund.
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1 Feb 17
Argentina is set to increase the price of electricity by up to 90% as part of another subsidy cull, the country’s energy minister has announced.
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1 Feb 17
The Indian government is to cap cash transactions at around $4,500 and halve tax rates for the lowest earners, continuing its campaign against ‘black money’, or untaxed wealth.
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31 Jan 17
Saudi Arabia is to implement a VAT in the kingdom for the first time in an effort to cut Riyadh’s budget deficit.