Government at Risk : Contingent Liabilities and Fiscal Risk

Polackova Brixi, Hana ; Schick, Allen

Washington, DC:World Bank and Oxford University Press

关键词: ACCOUNTABILITY;    ACCOUNTING;    ACCOUNTING PRACTICES;    ACCOUNTING RULES;    ACCOUNTING STANDARDS;   

DOI  :  10.1596/978-0-8213-4835-2
RP-ID  :  24888

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Conventional fiscal analysis fails toaddress contingent fiscal risk. The government budgetprocess and documentation generally fail to scrutinize thesubstantial claims on public resources that are associatedwith government contingent liabilities, realized andpotential. This report fills gaps on our understanding offiscal risks and develops suitable frameworks for managingthem. It offers new analytical concepts, presents countrycase studies, and based on country case studies, provides amenu of practical ideas for policymakers and scholars tobring fiscal risk within the ambit of public finance. Thebook is divided into two parts: Part I of this book gives anoverview of different approaches to dealing with governmentfiscal risks. The country examples in this part offeradditional conceptual approaches and illustrate some of thediscussion in the earlier chapters. Part II presentsanalytical and institutional approaches that governmentsmight consider when facing risks in specific governmentprograms or sectors. The book indicates that countriesdiffer greatly in their treatment of contingent liabilitiesand other fiscal risks. In this respect, the bookillustrates that contemporary practices have yet to be standardized.