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
-
New York Times executive fatally shot allegedly by elderly in-laws
29 minutes -
Teacher Payment Crisis: GES races to protect academic calendar
38 minutes -
US prosecutors reopen case of alleged gang rape at Cornell University
55 minutes -
Journalist to be crowned king in Uganda after bitter succession dispute
1 hour -
OpenAI scraps rollout of new model over safety concerns
1 hour -
Nigerian attempts to break world record by dancing non-stop for seven days
1 hour -
GES urges government agencies to end blame game over teacher payments
3 hours -
GES sets Oct. 5 deadline to resolve teachers’ payment dispute
4 hours -
GES working around the clock to get teachers back to class, says Daniel Fenyi
4 hours -
French PM warns against escalation of school protests after 164 arrested
4 hours -
UK tries to stop Trump’s diesel export ban
4 hours -
Late Olise goal gives France win over Belgium
5 hours -
Mancini enjoys first win since return as Italy boss
5 hours -
Interest payments to average a high 20% of government revenue over next 4 years
5 hours -
Anthropic warns AI may pose ‘existential risks to humanity’ in IPO filing
5 hours