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https://www.um.edu.mt/library/oar/handle/123456789/87546
Title: | IPSAS, ESA and the fiscal deficit - a question of calibration |
Authors: | Caruana, Josette Grima, Louise |
Keywords: | Finance, Public -- Accounting Macroeconomics Accounting -- Standards Statistics |
Issue Date: | 2019 |
Publisher: | Routledge |
Citation: | Caruana, J., & Grima, L. (2019). IPSAS, ESA and the fiscal deficit - a question of calibration. Public Money & Management, 39(2), 113-122. |
Abstract: | The academic literature on IPSAS adoption is not clear whether this would lead to a fiscal deficit measure close to that reported in national accounts. This paper presents a case study which attempts to clarify this dilemma. The authors show that IPSAS compliance would result in yet another deficit measure that is nowhere close to the statistical measure, leading to even more confusion. IMPACT: IPSAS compliance would neither simplify nor standardize the conversion exercise that EU member countries have to do to change a governmental accounting deficit to the EC’s required statistical deficit. Nor would it directly lead to more reliable statistical data. The authors therefore question the impact of the proposed EPSAS on the quality of macro-surveillance. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/87546 |
Appears in Collections: | Scholarly Works - FacEMAAcc |
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File | Description | Size | Format | |
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IPSAS_ESA_and_the_fiscal_deficit-a_question_of_calibration_2019.pdf Restricted Access | 970.88 kB | Adobe PDF | View/Open Request a copy |
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