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IMF's Public Financial Management Blog
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29 ноября, 17:10

Tackling Mismanagement and Corruption in Natural Resource Enterprises

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Posted by Andrew Bauer and Ines Schjolberg Marques[1] Oil, gas and mining state-owned enterprises (SOEs) are pervasive in resource-rich countries. Outside of China—which has dozens of SOEs at the national and provincial levels—there are at least 139 such companies. A...

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27 ноября, 18:28

Why Countries Adopt Accrual Budgeting

Posted by Gerhard Steger[1] Accrual accounting and budgeting, which includes setting up a balance sheet, provides the most comprehensive picture of public wealth. It brings together all the accumulated assets and liabilities that the government controls and thus offers a...

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16 ноября, 18:06

Advances in Treasury Management in Latin America

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Posted by Gerardo Una[1] The 9th Forum of Latin American General Treasurers (FOTEGAL) took place in Buenos Aires, Argentina from September 12-14, 2018. The event was organized by the Ministry of Finance of Argentina, together with the IMF, the Inter-American...

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15 ноября, 22:08

Improving Public Budgeting after the Great Fiscal Crisis

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Posted by Jordi Baños-Rovira and Daniel Montolio[1] The global economic and fiscal crisis of 2008 elevated the importance of putting in place robust institutional and budgetary management procedures to deal with elevated levels of public debt, risks of medium-term fiscal...

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13 ноября, 22:20

FAD’s Annual Retreat of PFM Advisors—Echoes from the Field

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Posted by Bruno Imbert and Jacques Charaoui[1] The IMF’s Fiscal Affairs Department (FAD) hosted the fifth annual retreat of its PFM advisors in Washington DC from October 15-19, 2018. The event gathered together more than 40 advisors located either in...

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08 ноября, 18:52

Institutionalizing Pakistan’s Fiscal Policy Decisions

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Posted by Muhammad Afnan Alam[1] “A dependence on the people is, no doubt, the primary control on the government; but experience has taught mankind the necessity of auxiliary precautions.” (James Madison, 1788) In a perfect world of fully-informed policymakers solely...

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22 октября, 16:02

Public-Private Partnerships and the Government’s Balance Sheet

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Posted by Tim Irwin[1] Around the world, public-private partnerships (PPPs) are being used to build and maintain roads, hospitals, power plants, and many other kinds of valuable infrastructure. At the same time, they create problems for public financial management (PFM)...

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19 октября, 00:03

Strengthening Fiscal Reporting in South Asia

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Posted by Sailendra Pattanayak and Udaya Pant [1] In September 2018, the IMF’s South Asia Regional Training and Technical Assistance Center (SARTTAC) organized two workshops in New Delhi, India on fiscal reporting. The first workshop was targeted at mid- and...

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12 октября, 16:47

The IMF Publishes its Fiscal Transparency Evaluation for Mexico

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Posted by Sailendra Pattanayak1 The IMF has just published a report that assesses Mexico’s fiscal transparency practices against the standards set by the IMF’s Fiscal Transparency Code. The report covers all four pillars: (I) Fiscal Reporting; (II) Fiscal Forecasting and...

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10 октября, 17:07

The Wealth of Nations: Governments Can Better Manage What They Own and Owe

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Posted by Vitor Gaspar, Jason Harris, and Alexander Tieman[1] What is the state of your personal finances? You probably think first about your debts: your mortgage, your credit card balance, and your student loans. But you probably also think about...

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01 октября, 15:58

Dealing with Corruption in State-Owned Enterprises

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Posted by Benoit Wiest and Concha Verdugo Yepes[1] State-Owned Enterprises (SOEs) account for 22 percent of the world’s largest companies and are often located in sectors of strategic importance, such as oil and gas, telecommunications, ports, and public utilities. SOEs...

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20 сентября, 00:47

Innovative Approaches to Improving Fiscal Risks Management

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Posted by Esther Palacio[1] The main objective of the IMF’s capacity building programs is to help countries overcome new challenges in economic and fiscal policy. However, standard two-week technical assistance (TA) missions composed of international experts are not always an...