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27 Sep 16
Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
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27 Sep 16
Improving people’s lives in developing countries requires strong public financial management. Without this, money is wasted and fraud can thrive
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27 Sep 16
Any organisation can find opportunities for improvement if it looks for them. Redmond adopted CIPFA’s Financial Management Model to test how well it was doing in various areas and plan improvements...
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26 Sep 16
Nigeria has hunted down 700,000 tax-cheating firms and expects to identify 10 million non-tax paying individuals and make them pay up by December, the country’s tax chief has said.
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23 Sep 16
The arm of the World Bank responsible for lending to the world’s poorest countries plans to tap into the capital markets to raise funds after securing a AAA credit rating.
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23 Sep 16
Anti-austerity policy reversals in Portugal are starting to rewind the country’s fragile economic recovery, according to the International Monetary Fund.
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23 Sep 16
Almost €400m of European Union investment into ports and maritime infrastructure within the bloc since 2000 has been wasted, according to the European Court of Auditors.
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23 Sep 16
Effective finance ministries around the world have four characteristics in common, while being well adapted to local institutional, political and cultural contexts. A global association could help...
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20 Sep 16
The cost of decommissioning Soviet-era nuclear power plants in Lithuania, Bulgaria and Slovakia could balloon to €11.4bn ($12.7bn), the European Court of Auditors has warned.
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19 Sep 16
The G20 did not make strong enough commitments towards rebuilding public trust and integrity in government and public sector institutions, IFAC chief executive Fayez Choudhury has told PF.
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16 Sep 16
The president of Mozambique will work with the International Monetary Fund to set the terms of an international audit on the country’s public debt, the fund announced today.
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16 Sep 16
The UK government must urgently cease the sale of all weapons to Saudi Arabia until an independent inquiry can be conducted into reports that British-made munitions are being used against civilians...
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15 Sep 16
Improved public management has helped keep Tanzania on track to hit 7.2% growth in 2016, according to the governor of the country’s central bank.
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13 Sep 16
Pre-accession assistance supplied by the European Union to the Western Balkans worth more than €1bn has been only “partly effective”, auditors have concluded, despite noteworthy efforts from the...
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9 Sep 16
The eurozone’s finance ministers have called on all euro area member states to actively use spending reviews to improve the quality of public finances.
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8 Sep 16
The Nigerian government hopes to tackle the country’s first recession in more than 20 years by promoting the agriculture and solid minerals sectors in order to diversify the economy.
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8 Sep 16
A plan to introduce surcharges on three of India’s most popular train routes from Friday has sparked uproar on social media.
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7 Sep 16
Provincial pension funds throughout China are struggling to break even after the government ordered a 6.5% increase on the basic pension for corporate retirees, according to state news agency Xinhua...
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6 Sep 16
The European Union lost a "staggering" €160bn in value added tax revenues in 2014, according to European Commission data released today.
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2 Sep 16
Malaysian prime minister Najib Razak is the mysterious unnamed official cited as a key figure in the billion-dollar looting of the country’s wealth fund, according to a senior member of his own...
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1 Sep 16
G20 leaders should champion stronger governance and public financial management following the upcoming summit in Hangzhou, China, according to the International Federation of Accountants.
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1 Sep 16
Ahead of this weekend’s G20 summit, the International Federation of Accountants is calling for a host of accounting issues to rise higher up the global agenda
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31 Aug 16
The World Bank has approved a $15m technical assistance project to help Ghana improve its public financial management, it was announced yesterday.
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31 Aug 16
The Nigerian economy has officially gone in to recession after figures published today showed a 2.06% contraction in the second quarter of 2016.
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23 Aug 16
The International Monetary Fund is re-evaluating Ghana’s economic performance before disbursing the next tranche of the country’s $918m financial aid programme after its parliament passed a law...