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How to improve the financial oversight of public corporations / this note was prepared by Richard Allen and Miguel Alves

Author
Allen, Richard, 1944 December 13-
Additional Titles
Fiscal policy, how to improve the financial oversight of public corporations
Published
[Washington, D.C.] : Fiscal Affairs Department, International Monetary Fund, [2016]
Copyright Date
©2016
Physical Description
1 online resource (20 pages) : illustrations
Additional Creators
Alves, Miguel, International Monetary Fund. Fiscal Affairs Department, and International Monetary Fund
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Summary
Many studies have highlighted how failures of public corporations (otherwise known as state-owned enterprises) can result in huge economic and fiscal costs. To contain the risks associated with these costs, an effective regime for the financial supervision and oversight of public corporations should be put in place. This note discusses the legal, institutional, and procedural arrangements that governments need to oversee the financial operations of their public corporations, ensure accountability for their performance, and manage the fiscal risks they present. In particular, it recommends that governments should focus their surveillance on public corporations that are large in relation to the economy, create fiscal risks, are not profitable, are unstable financially, or are heavily dependent on government subsidies or guarantees.
Subject(s)
ISBN
9781475551983
1475551983
1475556705 (electronic bk.)
9781475556704 (electronic bk.)
Note
"November 2016."
Bibliography Note
Includes bibliographical references (pages 16-17).
View MARC record | catkey: 43655815