Posted by Asif Shah[1]
As countries recover from the COVID-19 pandemic shock, there are growing calls to build greener budgets that help accelerate the transition to net zero-carbon economies.
Continue reading " UNDP Guidance Note on Budgeting for Climate Change " »
Posted by Julie Cooper[1]
Governments that adopt cash-basis reporting should not limit the recording of actual transactions to when only cash is received or paid. The International Public Sector Accounting Standards (IPSAS) cash-basis mandates all cash receipts and payments to be reported in General Purpose Financial Reports (GPFRs). It also encourages disclosures on payables, borrowings, receivables, and property plant and equipment as useful information for users of these reports. However, information on receipts and payment is insufficient for effective control and decision-making over the allocation and use of scarce resources.
Continue reading " Government Accounting for Effective Decision Making " »
Posted by Richard Allen, Teresa Curristine, Holger van Eden, and Laura Torrent[1]
The persistence of COVID-19 and its variants in 2021 has posed many challenges to PFM, many of which have been covered in the PFM blog.
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