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Prevention and Management of Government Arrears

Author

Listed:
  • Ms. Suzanne Flynn
  • Mario Pessoa

Abstract

The accumulation of government expenditure arrears is one of the most common problems in public financial management. This technical note defines expenditure arrears and the different types of arrears that arise. The economic impact of chronic expenditure arrears accumulation is highlighted. The note discusses the underlying causes and mechanisms for preventing and controlling the further accumulation of arrears. The note concludes with some strategies for managing and clearing arrears.

Suggested Citation

  • Ms. Suzanne Flynn & Mario Pessoa, 2014. "Prevention and Management of Government Arrears," IMF Technical Notes and Manuals 2014/003, International Monetary Fund.
    • Handle: RePEc:imf:imftnm:2014/003
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41672
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    Citations

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    Cited by:

    1. Leandro D’Aurizio & Domenico Depalo, 2016. "An Evaluation of the Policies on Repayment of Government’s Trade Debt in Italy," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(2), pages 167-196, July.
    2. Checherita-Westphal, Cristina & Klemm, Alexander & Viefers, Paul, 2016. "Governments’ payment discipline: The macroeconomic impact of public payment delays and arrears," Journal of Macroeconomics, Elsevier, vol. 47(PB), pages 147-165.
    3. Robin Boadway & Mr. Luc Eyraud, 2018. "Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries," IMF Working Papers 2018/271, International Monetary Fund.
    4. Paolo Chiades & Luciano Greco & Vanni Menegotto & Luigi Moretti & Paola Valbonesi, 2015. "Fiscal Consolidation and Expenditure Arrears: Evidence from Local Governments’ Investments," "Marco Fanno" Working Papers 0197, Dipartimento di Scienze Economiche "Marco Fanno".
    5. World Bank, 2020. "Malawi Economic Monitor, July 2020," World Bank Publications - Reports 34220, The World Bank Group.
    6. Brenda Ajema Kalegera & Nixon Oluoch Omoro, 2020. "Payment Delays and Financial Performance of Construction Firms in Vihiga County, Kenya," Applied Economics and Finance, Redfame publishing, vol. 7(3), pages 44-54, May.

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