Audio By Carbonatix
The articles in these series use tables and graphs to discuss the actual and projected fiscal performance from 2013 to 2020.
Earlier series dealt with the unusual treatment of exceptional amounts “below-the-line” and side-stepping vital fiscal rules such as ignoring holiday rules and reversing January 2017 interest accrued to end-2016, adding arrears to amortization, and using end-March 2017, not end-December 2016, the exchange rate to measure 2016 debt stock.
This final one (Part VI) discusses borrowing to “Finance” the deficit or fiscal balance in annual Budgets. It argues that it is inaccurate to show exceptional items as footnotes since it lowers lower financing and treats part of the debt as a footnote (not ledger entries) in the Public Accounts.
Read the full article below.
Latest Stories
-
‘We’ll come back stronger’ – Bryan Acheampong vows NPP revival after 2024 defeat
41 minutes -
Ivory Coast miners start paying higher royalties after failed resistance, sources say
58 minutes -
Nigeria’s House to look into row between regulator and Dangote over fuel imports, pricing
1 hour -
UK government considers advertising or subscription model for BBC
1 hour -
Morocco rolls out emergency aid during harsh winter weather
1 hour -
BBC declares it will fight Donald Trump’s defamation claim – but should it?
2 hours -
Second doctor sentenced in Matthew Perry overdose death
2 hours -
Trump expands US travel ban to Burkina Faso, Mali, Niger and 2 other countries
2 hours -
Trump’s chief of staff disputes Vanity Fair story in which she criticises Vance and Musk
2 hours -
US unemployment rose in November to a four-year high
2 hours -
Trump repeats criticism of killed Hollywood director Rob Reiner
2 hours -
MIT professor shot at his Massachusetts home dies
3 hours -
Garnacho double at cardiff takes Chelsea through into EFL semis
4 hours -
Three friends jailed 27 years for stealing
4 hours -
Two held over murder, robbery in Kumasi
5 hours