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Fiscal Accountability: The Path Forward

Thursday, June 20th, 2019

Public Accounts Should Reflect Public Sector Accounting Standards… Budgets Should Match Financial Statements… Budgets Should Precede the Start of the Fiscal Year… Estimates Should Be Timely and Reconcile with Budgets… Key Numbers Should Be Accessible and Recognizable… Year-End Results Should Be Timely

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Fiscal Transparency: How the Federal Government Can Get an A+

Friday, March 1st, 2019

To start, make the key numbers in the 2019 budget easy to find: up front, and clearly identified… produce estimates that matched the budget and the financial statements… the 2018 budget’s reconciliation of its projections with the anticipated estimates was unclear and incomplete… Timely reporting helps legislators and citizens spot – and, if needed, demand action to correct – deviations from plans that make no sense and/or threaten the fiscal plan.

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