Prevention and Management of Government Arrears

Suzanne Flynn and Mario Pessoa

No 2014/003, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: 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.

Keywords: TNM; expenditure arrears; government supplier; annual budget; liquidity shortage; clearance strategy; government liability; government payment policy; incumbent government; Arrears; commitment controls; government expenditure; public finance; public financial management; treasury; government Arrears; payment arrears; commitment control; government expenditure Arrears; arrears clearance strategy; government liquidity shortage; payment policy; Budget planning and preparation; Fiscal accounting and reporting; Expenditure control; Africa; West Africa; Sub-Saharan Africa; Europe (search for similar items in EconPapers)
Pages: 35
Date: 2014-07-09
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Citations: View citations in EconPapers (9)

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