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4 Jan 18
The Catalan independence crisis has likely cost Spain a billion euros, according to the country’s economy minister.
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7 Dec 17
The prime minister of Bahamas has announced plans to fully switch to accrual-based accounting, claiming that the current accounting system is “woefully lacking” when it comes to providing an overview...
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6 Dec 17
The European Council has published its ‘blacklist’ of 17 countries classified as tax havens, which could lose access to funds from the bloc.
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28 Nov 17
Global economic performance is still weaker than a decade ago and “remains below the pre-crisis period and that of past recoveries”, according to Organisation for Economic Co-operation...
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28 Nov 17
Portugal’s parliament has approved the 2018 budget that seeks to trim the deficit, six weeks after it was first presented to lawmakers.
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17 Nov 17
Japan’s economy has experienced the longest period of uninterrupted growth in more than a decade, with faster growth than expected in the third quarter.
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17 Nov 17
Russia has agreed to a $3.15bn restructuring deal of Venezuela’s debt over a 10-year period, Russia’s Finance Ministry said on Wednesday.
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17 Nov 17
The EU’s member states should suspend the rollout of harmonised public sector accounting standards across the bloc and plough the money saved back into budgets, German auditors have said.
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14 Nov 17
European economies are recovering but governments should “prepare for a rainy day”, the International Monetary Fund has said.
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14 Nov 17
Venezuela has been declared in default after missing interest payments on its $60bn bond debt.
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10 Nov 17
The international standard for cash basis accounting has been revised to make the transition to accruals more “achievable”, the International Public Sector Accounting Standards Board has...
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8 Nov 17
The UK government should take action to increase transparency and tackle tax dodging, which is costing the world’s poorest regions $170bn every year, Oxfam has said.
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7 Nov 17
An international accounting standard has finally been released for consultation after 15 years but - in a first - an alternative view has been included.
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6 Nov 17
IMF is “too gloomy” in its economic outlook for sub-Saharan Africa, an economist at the Overseas Development Institute has said.
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6 Nov 17
Modernising the nuclear arsenal could cost the US more than $1.2trn over the next 30 years, an independent report by the Congressional Budget Office has said.
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1 Nov 17
The gender pay gap in Europe is the equivalent of women working for free for two months of the year, according to European Commission figures.
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1 Nov 17
The IMF has called on the Kyrgyz Republic to adapt “prudent macroeconomic policies” and structural reforms to make growth more sustainable and inclusive.
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31 Oct 17
Oil-dependent countries should diversify their economies and capitalise on global growth to ensure stronger public finances, the International Monetary Fund has said today.
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31 Oct 17
Croatian public sector reforms and improvements are “critical” to boost growth, the International Monetary Fund has said.
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24 Oct 17
The currency of New Zealand has hit a five-month low after the new Labour-led government set out new policies.
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29 Sep 17
Japan’s government needs to set a new timeframe to achieve its budget-balancing goal, currently set for the fiscal year 2020/21, finance minister Taro Aso has said.
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29 Sep 17
Progress in financial accountability in different countries can be seen at a glance and compared using a new international index, says CIPFA's Steven Cain.
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27 Sep 17
A CIPFA-developed online platform aimed at helping global not-for-profit organisations get to grips with varying financial reporting methods has been launched today.
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25 Sep 17
China’s new accounting rules – the basic principles – introduce an accruals system and allow performance to be compared throughout the public sector
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12 Sep 17
The Organisation for Economic Co-operation and Development unemployment rate remained unchanged for the second consecutive month at 5.8% in July.