Technical Notes and Manuals

Prevention and Management of Government Arrears

By Suzanne Flynn, Mario Pessoa

July 9, 2014

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Suzanne Flynn, and Mario Pessoa. Prevention and Management of Government Arrears, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Also available in: español, français

Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

The accumulation of government expenditure arrears is one of the most common problems in public financial management. This technical note defines expenditure arrears and the different types of arrears that arise. The economic impact of chronic expenditure arrears accumulation is highlighted. The note discusses the underlying causes and mechanisms for preventing and controlling the further accumulation of arrears. The note concludes with some strategies for managing and clearing arrears.

Subject: Arrears, Budget planning and preparation, Expenditure, Expenditure control, External debt, Fiscal accounting and reporting, Public financial management (PFM)

Keywords: Africa, Annual budget, Arrears, Arrears clearance strategy, Budget planning and preparation, Clearance strategy, Commitment control, Commitment controls, Europe, Expenditure arrears, Expenditure control, Fiscal accounting and reporting, Government Arrears, Government expenditure, Government expenditure Arrears, Government liability, Government liquidity shortage, Government payment policy, Government supplier, Incumbent government, Liquidity shortage, Payment arrears, Payment policy, Public finance, Public financial management, Sub-Saharan Africa, TNM, Treasury, West Africa

Publication Details

  • Pages:

    35

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Technical Notes and Manuals No. 2014/003

  • Stock No:

    TNMEA2014003

  • ISBN:

    9781498313650

  • ISSN:

    2075-8669

Notes

Full text also available in French and Spanish.