OECD Journal on Budgeting

Frequency
3 times a year
ISSN: 
1681-2336 (online)
ISSN: 
1608-7143 (print)
http://dx.doi.org/10.1787/16812336
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The OECD journal on public sector budgeting, published three times per year. It draws on the best of the recent work of the OECD Working Party of Senior Budget Officials (SBO), as well as special contributions from finance ministries, and makes it available to a wider community in an accessible format. The journal provides insight on leading-edge institutional arrangements, systems and instruments for the allocation and management of resources in the public sector. Now published as a part of the OECD Journal subscription package.

Also available in French
Article
 

The whole elephant

A proposal for integrating cash, accrual, and sustainability-gap accounts You do not have access to this content

English
 
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    http://oecd.metastore.ingenta.com/content/4214291ec002.pdf
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Author(s):
Timothy C. Irwin
12 Oct 2015
Pages:
18
Bibliographic information
No.:
10,
Volume:
14,
Issue:
3
Pages:
1–18
http://dx.doi.org/10.1787/budget-14-5jrw6591hns1

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Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, the financial deficit, the full-accrual deficit, and the comprehensive deficit. Each is informative, but each has problems of relevance or reliability. Some are more vulnerable to manipulation involving assets and liabilities that are unrecognised in the underlying accounting, others to manipulation involving the mismeasurement of recognised assets and liabilities. Governments should publish all four in a form that reveals their interrelationships.

JEL classification: H6, H61, H62
Keywords: Accrual accounts, comprehensive accounts, liabilities, budget deficit

 
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