The relationship between government accounts and national accounts, with special reference to the netherlands

Keuning, Steven; Tongeren, Dick van

doi:10.1111/j.0034-6586.2004.00119.x

Cited by 16 publications

(24 citation statements)

References 3 publications

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“…Dabbicco, 2013;Giovanelli, 2006;Keuning and Van Tongeren, 2004;Lüder, 2000;Montesinos and Vela, 2000;Martí, 2006), while Caperchione and Lapsley (2011, p. 103) noted the lack of empirical-quantitative studies.…”

Section: Theoretical Background and The Development Of The Hypothesismentioning

confidence: 99%

Running the Obstacle Race towards Public Accounting Harmonization in EU-28: A Temporal Study

Sforza¹,

Cimini²

2017

IJBM

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The European Commission has recently started a project aimed at harmonizing EU public accounting systems through the development of European Public Sector Accounting Standards (EPSAS). The project is a response to the lack of coherence between primary public-sector accounts and government financial statistics, in order to strengthen the economic governance structure in the euro area. This paper aims to show that the divergences (adjustments) between the measures of surplus/deficit in governmental (working balance, WB) and national accounting (net borrowing lending, NBL) vary over time to provide future research opportunities around the factors that, affecting temporal divergences between these measures, enhance fiscal fragility within the EU public sector accounting system. By analysing the Excessive Deficit Procedure (EDP) tables issued by 28 EU countries over the period 2010-2015, the paper uses novel approaches in measuring adjustments based on network analysis and regression models, showing that they are significantly different over time.

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Section: Theoretical Background and The Development Of The Hypothesismentioning

confidence: 99%

Running the Obstacle Race towards Public Accounting Harmonization in EU-28: A Temporal Study

Sforza¹,

Cimini²

2017

IJBM

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“…This focus is justified because material GA-NA differences relating to these criteria seem to exist -as NA collects micro data from several institutional sectors, it is necessary to make some adjustments, e.g. in order to harmonize the moment when transactions are recorded (Keuning and Tongeren, 2004;Lande, 2000;Lu¨der, 2000). Keuning and Tongeren (2004) explain that accounting basis differences imply making adjustments and corrections based on estimations of GA data to determine the macroeconomic ratios, such as deficit and debt, which have consequences for their reliability and comparability.…”

Section: Governmental Accounting and National Accountsmentioning

confidence: 99%

Governmental budgetary reporting systems in the European Union: is the accounting basis relevant for the deficit reliability?

Jesus

Jorge

2014

International Review of Administrative Sciences

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When reporting to Eurostat for the purpose of deficit assessment, EU member states follow National Accounts (NA) rules, specifically the European System of National and Regional Accounts. However, the information reported is gathered from Governmental Accounting (GA), namely budgetary reporting. Consequently, several adjustments are needed when translating data from GA into NA, including those concerning the accounting basis -in some countries GA budgetary balance is already accrual-based while in others it is still cash-based. This research aims to analyse adjustments derived from different accounting bases adopted in GA and NA, demonstrating their diversity and materiality and the consequences for EU member states' deficit/surplus reliability. It analyses cash-accrual adjustments to be made in Central Government data, using a few EU countries and data from the respective Excessive Deficit Procedure notifications covering the years 2005 to 2010. The main findings show that cash-accrual adjustments are more diverse and tend to be material in relation to the final deficit/surplus, in countries still adopting cash-based budgetary reporting in GA, raising questions concerning the reliability of the deficit/surplus they report. Points for practitionersThis article contributes to a better understanding of the accounting basis differences for the convergence process between GA and NA, allowing for more reliable and informative budgetary reporting to be reached from both micro and macro perspectives. It highlights how important it is that GA moves from cash to accruals, namely

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“…The relevance of studying the relationships between Governmental Accounting (GAmicroeconomic perspective) and National Accounting (NA -macroeconomic perspective) has been underlined by several authors, such as Cordes (1996), Jones and Lüder (1996), Lande (2000), Lüder (2000), Jones (2000), Montesinos and Vela (2000) and Keuning and Tongeren (2004).…”

Section: Resumo Résumé / Abstractmentioning

confidence: 99%

“…More recently, Keuning and Tongeren (2004) emphasised the role of the adjustments, in a study of the relationship between GA and NA in Netherlands, in which they have highlighted the main steps that must be considered when taking data sources of Governmental Sector into NA:…”

Section: Differences Between Governmental Accounting and National Accmentioning

confidence: 99%

From governmental accounting to national accounting: implications on the Portuguese central government deficit

Jesus

Jorge²

2010

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A navegação consulta e descarregamento dos títulos inseridos nas Bibliotecas Digitais UC Digitalis, UC Pombalina e UC Impactum, pressupõem a aceitação plena e sem reservas dos Termos e Condições de Uso destas Bibliotecas Digitais, disponíveis em https://digitalis.uc.pt/pt-pt/termos.Conforme exposto nos referidos Termos e Condições de Uso, o descarregamento de títulos de acesso restrito requer uma licença válida de autorização devendo o utilizador aceder ao(s) documento(s) a partir de um endereço de IP da instituição detentora da supramencionada licença.Ao utilizador é apenas permitido o descarregamento para uso pessoal, pelo que o emprego do(s) título(s) descarregado(s) para outro fim, designadamente comercial, carece de autorização do respetivo autor ou editor da obra.Na medida em que todas as obras da UC Digitalis se encontram protegidas pelo Código do Direito de Autor e Direitos Conexos e demais legislação aplicável, toda a cópia, parcial ou total, deste documento, nos casos em que é legalmente admitida, deverá conter ou fazer-se acompanhar por este aviso.From governmental accounting to national accounting: implications on the portuguese central government deficit Autor(es):Jesus, Maria Antónia; Jorge, Susana From Governmental Accounting to National Accounting: Implications on the Portuguese Central Government DeficitBased on the relevant differences between Governmental Accounting (GA/microeconomic perspective) and National Accounting (NA/macroeconomic perspective) this paper examines the main adjustments made in Portugal to the General Government Sector data required to convert Governmental Accounts into National Accounts. It also assesses the impact of those adjustments on the Central Government deficit, the largest share in the Portuguese public deficit.Following mostly a qualitative research methodology, the empirical study is based on interviews to officials preparing NA and on several documental sources. The purpose is to validate the major data adjustments from GA into NA regarding Central Government, while, in addition, assessing their impact using data from April 2008 Excessive Deficit Procedure notification, covering the 2004--2007 period.The main findings indicate that differences concerning the accounting basis are the most relevant and that the subsequent adjustments have a considerable impact on the Portuguese Central Government deficit. This research points therefore to the need for more convergence between GA and NA, namely with respect to the transactions recognition criteria in order to use a common accounting basis, and for a complete and coherent reporting information system in GA. Classificação JEL: H61, E62

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The relationship between government accounts and national accounts, with special reference to the netherlands

Cited by 16 publications

References 3 publications

Running the Obstacle Race towards Public Accounting Harmonization in EU-28: A Temporal Study

Running the Obstacle Race towards Public Accounting Harmonization in EU-28: A Temporal Study

Governmental budgetary reporting systems in the European Union: is the accounting basis relevant for the deficit reliability?

From governmental accounting to national accounting: implications on the Portuguese central government deficit

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