0000000000515132
AUTHOR
Rosa Ma Dasí
A Framework for Comparing Financial Sustainability in EU Countries: National Accounts, Governmental Accounting and the Challenge of Harmonization
The information prepared in accordance with the national accounts and public finance statistics criteria plays a decisive role in evaluating and comparing the financial sustainability of governments in the European Union (EU). As national accounts are prepared on the basis of information generated by governmental reporting systems, the elaboration of the information requires adjustments due to the lack of comparability of accounting systems. The chapter contains an analysis of the main differences between the two systems and the adjustments required, as well as their importance for EU countries. It includes a study of the level of correlation between the size of the adjustments and the acco…
Comparative Analysis of Governmental Accounting Diversity in the European Union
Abstract Comparability of governmental financial reporting in the EU presents important problems, as long as the preparation of budget information is not harmonized and National Accounts works as the only reference to verify compliance with stability objectives. Understanding the differences between the magnitudes indicative of budgetary discipline and the diversity of accounting policies is of paramount importance, especially for the Eurozone. This paper quantifies and analyzes the differences between financial and budgetary reporting policies of EU members, identifies the main factors that determine their diversity and analyzes the results in light of the different traditions of public ad…