Although the budget deficit and the public debt feature prominently in political debate and economic research, there is no agreement about how they should be measured. They can be defined for different sets of public institutions, including the nested sets corresponding to central government, general government, and the public sector, and, for any definition of government, there are many measures of the debt and deficit, including those generated by four kinds of accounts (cash, financial, full accrual, and comprehensive), which can be derived from four nested sets of assets and liabilities. Each debt and deficit measure says something about public finances, but none tells the whole story. Each is also vulnerable to manipulation, and is likely to be manipulated if it is subject to a binding fiscal rule or target. Narrow definitions of government encourage the shifting of spending to entities outside the defined perimeter of government. Narrow definitions of debt and deficit encourage operations involving off-balance-sheets assets and liabilities, while broad measures are susceptible to the mismeasurement of on-balance-sheet assets and liabilities. Reviewing the literature on these issues, the paper concludes that governments should publish several measures of the debt and deficit in a form that clearly reveals their interrelationships.
Although the budget deficit and the public debt feature prominently in political debate and economic research, there is no agreement about how they should be measured. They can be defined for different sets of public institutions, including the nested sets corresponding to central government, general government, and the public sector, and, for any definition of government, there are many measures of the debt and deficit, including those generated by four kinds of accounts (cash, financial, full accrual, and comprehensive), which can be derived from four nested sets of assets and liabilities. Each debt and deficit measure says something about public finances, but none tells the whole story. Each is also vulnerable to manipulation, and is likely to be manipulated if it is subject to a binding fiscal rule or target. Narrow definitions of government encourage the shifting of spending to entities outside the defined perimeter of government. Narrow definitions of debt and deficit encourage operations involving off-balance-sheets assets and liabilities, while broad measures are susceptible to the mismeasurement of on-balance-sheet assets and liabilities. Reviewing the literature on these issues, the paper concludes that governments should publish several measures of the debt and deficit in a form that clearly reveals their interrelationships.
AIDS is the most devastating communicable disease in history, and poor countries have been most severely impacted by the pandemic. Since the mid-1990s, the use of antiretroviral drug therapies has dramatically extended life expectancy and improved life quality for those with HIV/AIDS who can afford the costly treatments. Yet even as it raises new hope, this medical advance has intensified ethical and political questions about AIDS. Antiretroviral use by those with money and access throws the contrasting outcomes among AIDS sufferers throughout the world into high relief. It has also revealed what many people with AIDS have known all along: the disease is not only propagated by the virus, but by racism, entrenched poverty, structural inequality, and the legacy of colonial domination and exploitation.Global AIDS: Myths and Facts aims to present the facts about HIV/AIDS, and empower people for informed, active participation in the global struggle against this plague. To mobilize the energy, commitment, and resources required for the fight, Irwin and Millen tackle 10 destructive myths that hamper implementation of effective and equitable anti-HIV/AIDS programs.World leaders like Kofi Annan have announced treatment and prevention initiatives that are opening new possibilities. But the authors argue that only sustained political pressure from the grassrootsâ__forging links across national boundaries; professional and social categories; and racial, ethnic, and religious identitiesâ__will halt the pandemicâ__s spread.
Arnie Larsen was the answer to Barbara Andersen's prayers, or so she thought. Incredibly wealthy, handsome, charismatic. But she learns that he is an industrial espionage agent and a killer planing to use her as his source, and she is met with near disaster when he learns that she has bilked him "the last sound you hear will be a scream," he vows. "And it will be yours," An elaborate maze of plot twists and turns keeps Matt Collins, Chief Of Plant Security, overwhelmed against insurgent forces, both inside and out.
This is the second novel in James C. Irwins easy reading series. His first, A Different Way Back Was published with industrial espionage as the theme. He lives with his wife Phyllis in Santa Ynez, California.
This note discusses what finance ministries can do to ensure that public-private partnerships (PPPs) are used wisely. By inviting private participation in infrastructure development and service provision, PPPs can help improve public services. Yet, strong governance institutions are needed to manage risks and avoid unexpected costs from PPPs. While in the short term, PPPs may appear cheaper than traditional public investment, over time they can turn out to be more expensive and undermine fiscal sustainability, particularly when governments ignore or are unaware of their deferred costs and associated fiscal risks. To use PPPs wisely governments should (1) develop and implement clear rules for their use; (2) identify, quantify, and disclose PPP risks and expected costs; and (3) reform budget and government accounting frameworks to capture all fiscal costs comprehensively.
Many important lessons have come out of the negotiations for the Belfast Agreement. This book explains how public opinion polls were used in support of the Northern Ireland peace process. Significantly, it was the politicians who decided the questions so that they could map out areas of compromise and common ground that their supporters would accept. This book explains how the work was done so that others can apply the benefits of this experience to their own peace building activities.
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