Cover of: Budgeting of government insurance programs and contingent liabilities | United States. Congress. House. Committee on the Budget. Task Force on Budget Process (1998- ) Read Online
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Budgeting of government insurance programs and contingent liabilities hearing before the Task Force on Budget Process of the Committee on the Budget, House of Representatives, One Hundred Fifth Congress, second session, hearing held in Washington, DC, April 23, 1998. by United States. Congress. House. Committee on the Budget. Task Force on Budget Process (1998- )

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Published by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in English

Subjects:

Places:

  • United States,
  • United States.

Subjects:

  • Insurance, Government -- United States -- Accounting,
  • Insurance, Government -- United States -- Costs,
  • Cash basis accounting -- United States,
  • Accrual basis accounting -- United States,
  • Budget -- United States

Book details:

Classifications
LC ClassificationsKF27 .B842 1998
The Physical Object
Paginationiii, 64 p. ;
Number of Pages64
ID Numbers
Open LibraryOL484331M
ISBN 100160572320
LC Control Number98212831
OCLC/WorldCa39877572

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Government practice for contingent liabilities. Contingent as well as direct implicit liabilities are quantified and recognized by governments that have established an institutional framework for fiscal discipline. Good examples include the multiyear budgeting and reporting practices of Australia, Canada, Germany, and the Netherlands. Government. • Contingent liabilities comes from: 1. government support and/or government guarantee to infrastructure projects, 2. national social security programs, 3. Government’s obligations to increase state capital to certain financial. Government at risk: contingent liabilities and fiscal risk (English) Abstract. Conventional fiscal analysis fails to address contingent fiscal risk. The government budget process and documentation generally fail to scrutinize the substantial claims on public resources that are associated with government contingent liabilities, realized Cited by: Contingent liabilities are amounts that the government may owe, but the amount, or indeed the existence, of the liability will depend on future (and uncertain) events. Government guarantees are a common form of contingent liabilities. The government may guarantee a loan, but it will only be liable to make the payment if the recipient.

  ° By reflecting the cost of contingent liabilities in policy choices, budgeting, financial planning, reporting, and auditing. ° By developing institutional capacity to evaluate, regulate, control, and prevent financial risk in both the public and private by: – Deposit insurance schemes – Fannie Mae, Freddie Mac, AIG etc. – SOE´s, PPP´s etc. • Fiscal risk has increased because of global financial crisis – increased contingent liabilities – change in the role of the government • from a supplier of public services • to a facilitator extending guarantees to public & private sector 2File Size: KB. government adopts the analytical and budgeting method for federal insurance programs proposed by the General Accounting Office (United States, General Accounting Office ). Contingent Implicit Author: Hana Brixi. Governments at risk are facing major fiscal challenges as a result of their contingent liabilities. Contingent liabilities dubbed "hidden deficits" account for a large share of the rise in government debt and tend to remain outside the framework of conventional public financial analysis and .

Conventional fiscal analysis fails to address contingent fiscal risk. The government budget process and documentation generally fail to scrutinize the substantial claims on public resources that are associated with government contingent liabilities, realized and potential. Governments at risk are facing major fiscal challenges as a result of their contingent liabilities. Contingent liabilities dubbed "hidden deficits" account for a large share of the rise in government debt and tend to remain outside the framework of conventional public financial analysis and institutions. In many countries, the reality or prospect of unbudgeted fiscal risks coming due . Government at risk: contingent liabilities and fiscal risk (Inglês) Resumo. Conventional fiscal analysis fails to address contingent fiscal risk. The government budget process and documentation generally fail to scrutinize the substantial claims on public resources that are associated with government contingent liabilities, realized Cited by: The notes include the summary of significant accounting policies and summary disclosure of such matters as significant contingent liabilities, encumbrances outstanding, significant effects of subsequent events, pension plans, accumulated unpaid employee benefits (such as vacation and sick leave), material violations of finance-related legal and.