Contingent Liabilities: Issues and Practice
Aliona Cebotari
Contingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in which the financial position of the public sector is substantially altered-or its true nature uncovered-as a result of government bailouts of financial or nonfinancial entities, in both the private and the public sector. The paper discusses theoretical and practical issues raised by contingent liabilities, including the rationale for taking them on, how to safeguard against the fiscal risks associated with them, how to account and budget for them, and how to disclose them. Country experiences are used to illustrate ways these issues are addressed in practice and challenges faced. The paper also points to good practices related to the mitigation, management and disclosure of risks from contingent liabilities.
عام:
2008
الإصدار:
1
الناشر:
International Monetary Fund
اللغة:
english
الصفحات:
62
ISBN 10:
145191556X
ISBN 13:
9781451915563
سلسلة الكتب:
IMF Working Papers
ملف:
EPUB, 1.17 MB
IPFS:
,
english, 2008