engleski

Contemporary government accounting and fiscal consolidation

The paper deals with the latest improvements of government accounting methodology that came out from European System of Accounts 2010 (ESA 2010) and Government Finance Statistics Manual 2014 (GFSM 2014). The main research question is how the changes of government accounting principles and classification affect wider fiscal consolidation efforts particularly emphasised within EU member countries. Based on thorough analysis of the new methodology, the objective of the paper is to provide policy recommendations on introduction of these changes into national accounting systems into the context of preserving the pace of fiscal consolidation and stability of the public finances.

government accounting ; ESA 2010 ; GFSM 2014 ; fiscal consolidation

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