Governments must take a balance sheet approach to managing their finances through Covid-19 crisis
Karachi, July 30, 2020: The COVID-19 pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering US$9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments due to the way they account for this. In a…