PFM Board

The Performance Dimensions in Budget => Are accounting, recording and reporting adequate? => Topic started by: petagny on July 11, 2011, 08:02:15 GMT

Title: More Transparent Government Accounts
Post by: petagny on July 11, 2011, 08:02:15 GMT

The UK is changing the basis for government accounts today. From now on, the accounts will include liabilities like pension obligations for public sector employees and the future stream of payments due on the many private finance initiatives.

http://www.ft.com/cms/s/0/58971c24-a980-11e0-a04a-00144feabdc0.html#axzz1RmCI257l

Title: Re: More Transparent Government Accounts
Post by: petagny on July 27, 2011, 09:25:41 GMT

Here's a good summary by Richard Hughes of the improvements in accounting introduced in the UK through the Whole-Of-Government accounts:


http://blog-pfm.imf.org/pfmblog/2011/07/whole-of-government-accounts-batman.html#more