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|Title:||New development: Towards a grand convergence? International proposals for aligning government budgets, accounts and finance statistics|
|Citation:||Public Money and Management, 2013; 33(4):297-303|
|Publisher:||Blackwell Publ Ltd|
|Jens Heiling, Sabine Schührer and James L. Chan|
|Abstract:||Government responses to recent financial crises have imposed heavy burdens on the public finances of many countries, and exposed weak links between fiscal information sources: budgets, accounts and finance statistics. In order to better understand the causes and effects of financial crises-as well as to predict them early and manage them effectively-the International Monetary Fund (IMF) recently proposed a standard for fiscal forecasting. Viewing this alignment proposal as the culmination-a 'grand convergence'-of earlier attempts at linking and improving these three fields, the authors describe and assess the IMF initiative, and discuss its likely impact. © 2013 Copyright CIPFA.|
government finance statistics
IMF alignment proposal.
|Rights:||© 2013 The authors|
|Appears in Collections:||Aurora harvest 4|
Business School publications
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