Shortcomings of government financial management: a generational accounting critique

Klumpes, P.J.M. ORCID: 0000-0002-3357-6087 and Tang, L., 2009. Shortcomings of government financial management: a generational accounting critique. International Journal On Governmental Financial Management, IX (2), pp. 58-72.

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Abstract

This paper examines the inter-generational financial dimensions and accounting implications of under-funding practices in the public sector. We explain why intergenerational financial disclosure has become such an urgent issue internationally, and discuss a generational accounting framework for calculating the necessary financial information to reveal the inequities and resource allocation problems afflicting public sector organizations. The main limitations, assumptions and applications of a generational approach to analyse the financial sustainability of public sector enterprises are briefly discussed.

Item Type:	Journal article
Publication Title:	International Journal On Governmental Financial Management
Creators:	Klumpes, P.J.M. and Tang, L.
Publisher:	International Consortium on Governmental Financial Management (ICGFM)
Date:	2009
Volume:	IX
Number:	2
Divisions:	Schools > Nottingham Business School
Record created by:	Linda Sullivan
Date Added:	24 Oct 2016 11:51
Last Modified:	10 Oct 2017 07:56
URI:	https://irep.ntu.ac.uk/id/eprint/28930

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