Government at Risk : Contingent Liabilities and Fiscal Risk

Polackova Brixi, Hana; Schick, Allen

Government at Risk : Contingent Liabilities and Fiscal Risk

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. This report fills gaps on our understanding of fiscal risks and develops suitable frameworks for managing them. It offers new analytical concepts, presents country case studies, and based on country case studies, provides a menu of practical ideas for policymakers and scholars to bring fiscal risk within the ambit of public finance. The book is divided into two parts: Part I of this book gives an overview of different approaches to dealing with government fiscal risks. The country examples in this part offer additional conceptual approaches and illustrate some of the discussion in the earlier chapters. Part II presents analytical and institutional approaches that governments might consider when facing risks in specific government programs or sectors. The book indicates that countries differ greatly in their treatment of contingent liabilities and other fiscal risks. In this respect, the book illustrates that contemporary practices have yet to be standardized.

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Bibliographic Details
Main Authors:	Polackova Brixi, Hana, Schick, Allen
Format:	Publication biblioteca
Language:	English en_US
Published:	Washington, DC: World Bank and Oxford University Press 2002
Subjects:	ACCOUNTABILITY, ACCOUNTING, ACCOUNTING PRACTICES, ACCOUNTING RULES, ACCOUNTING STANDARDS, AGENTS, ASSET SALES, ASSURANCE, AUTHORITY, BALANCE SHEETS, BANK RESTRUCTURING, BANKING SECTOR, BENEFICIARIES, BORROWING, BUDGET, BUDGET CONSTRAINTS, BUDGET DEFICIT, BUDGET DEFICITS, BUDGET EXPENDITURES, BUDGET PROCESS, BUDGET REVENUES, BUDGETARY OUTLAYS, CAPITAL FLOWS, CENTRAL GOVERNMENT, CITIZENS, CONSTITUENCIES, CONTINGENT LIABILITIES, DEBT INSTRUMENTS, DEBT MANAGEMENT, DEBT RESTRUCTURING, DEFICIT, DEPOSITORS, DEPOSITS, DEVELOPED COUNTRIES, DEVELOPMENT BANKS, DIRECT FINANCING, DISCLOSURE, ECONOMIC CONDITIONS, ECONOMIC GROWTH, EMERGING MARKET ECONOMIES, EMPIRICAL ANALYSIS, EMPLOYMENT, EXCHANGE RATE, FEDERAL RESERVE SYSTEM, FINANCIAL ACCOUNTABILITY, FINANCIAL CRISIS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SUPPORT, FINANCIAL SUSTAINABILITY, FISCAL, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL DISCIPLINE, FISCAL MANAGEMENT, FISCAL PERFORMANCE, FISCAL SUSTAINABILITY, FLOOD INSURANCE, FOREIGN DEBT, FOREIGN INVESTORS, GOVERNMENT, GOVERNMENT AGENCY, GOVERNMENT AGREEMENT, GOVERNMENT BUDGETS, GOVERNMENT DEBT, GOVERNMENT GUARANTEES, GOVERNMENT INSURANCE, GOVERNMENT MANAGEMENT, GOVERNMENT OFFICIALS, GOVERNMENT PROGRAMS, GOVERNMENT RESOURCES, GROSS DOMESTIC PRODUCT, HEALTH INSURANCE, HOUSING, INFORMATION DISCLOSURE, INSTITUTIONAL ARRANGEMENT, INSURANCE FUNDS, INTERNATIONAL FINANCIAL MARKETS, LICENSES, LOAN GUARANTEES, MARKET DISCIPLINE, MARKET PRICES, MINISTRY OF FINANCE, MONOPOLIES, MORAL HAZARD, NATIONAL GOVERNMENTS, NET WORTH, OPERATING LOSSES, PENSIONS, POLITICAL ECONOMY, POLITICAL FEASIBILITY, POLITICAL RISK, POLITICAL SENSITIVITY, POLITICIANS, POWER PLANTS, PRIVATE SECTOR, PRIVATIZATION, PUBLIC DEBT, PUBLIC EMPLOYMENT, PUBLIC EXPENDITURE, PUBLIC FINANCE, PUBLIC FINANCES, PUBLIC FINANCING, PUBLIC GOODS, PUBLIC RESOURCES, PUBLIC SECTOR, RATING AGENCIES, RISK ANALYSIS, RISK MANAGEMENT, ROADS, SOCIAL SECURITY, SOCIAL SECURITY PROGRAMS, STATE ENTERPRISES, STATE-OWNED ENTERPRISES, SUBNATIONAL GOVERNMENT, SUBNATIONAL GOVERNMENTS, SUBSIDIARY, TRANSPARENCY, TREASURY, UNEMPLOYMENT, UNEMPLOYMENT BENEFITS CONTINGENT LIABILITY, FINANCIAL MANAGEMENT, CENTRAL BANKS, FINANCIAL CRISES, PENSION INSURANCE,
Online Access:	http://documents.worldbank.org/curated/en/2002/04/2017569/government-risk-contingent-liabilities-fiscal-risk http://hdl.handle.net/10986/15233
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