Accrual-based IPSAS and effectiveness of government debt management policy: evidence from developing economies

Yosra Gafsi

Journal of Public Budgeting, Accounting & Financial Management, 2025, vol. 37, issue 5, 645-675

Abstract: PurposeThis paper examines the impact of using accrual-based IPSAS on the government’s debt management policy effectiveness in the context of developing economies.Design/methodology/approachThis research applies panel regressions and uses the generalized method of moment (GMM) for a sample of 50 developing economies (DEs) during the period 2014–2023.FindingsThe study results reveal that the use of accrual-based IPSAS promotes the effectiveness of public debt management policy in DEs. In addition, the robustness and additional analysis findings show a positive impact of these standards’ implementation on government debt sustainability.Practical implicationsThis study might have implications for government policymakers, researchers, practitioners, international financial institutions and standard-setters. By investigating this topic, this research leaves room for further investigation of the effect of IPSAS implementation on public sector management, whether in the context of DEs or developed countries.Originality/valueThis paper provides new insights into the influencing factors of public debt management policy and also sheds light on other beneficial aspects of IPSAS adoption, specifically in DEs. This research is one of the first to investigate the effect of using IPSAS on government debt management policy, with a greater focus on public debt sustainability.

Keywords: Accrual-based IPSAS; Government debt management policy; Public debt sustainability; Developing economies (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpbafm:jpbafm-10-2024-0211

DOI: 10.1108/JPBAFM-10-2024-0211

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