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- Title
Time to look again at accrual budgeting.
- Authors
Warren, Ken
- Abstract
A large number of countries are implementing accrual reporting to provide better accountability for the stewardship of public finances to their citizens. Far fewer nations have moved to an accrual basis for their government budgetary decision- making. Those few countries that have made the move do not regret doing so, having achieved significant benefits from that reform. This paper looks again at the benefits of accrual budgeting, at some of the major arguments that have impeded its international implementation, and how those issues have been addressed in the countries that have successfully adopted accrual budgeting. It suggests that the international public financial management community should revisit accrual budgeting, and that efforts to implement it should be redoubled, not because it is a panacea for all budgeting and fiscal problems, but rather because it provides a stable foundation for improving fiscal and budgetary decision-making and for providing fairer and more complete budgetary information to citizens.
- Subjects
PRODUCT stewardship; PUBLIC finance; POLITICAL accountability; DECISION making; BUDGET
- Publication
OECD Journal on Budgeting, 2015, Vol 2014, Issue 3, p113
- ISSN
1608-7143
- Publication type
Article
- DOI
10.1787/budget-14-5jrw6591hj6c