Relevance of Countercyclical Fiscal Policy and Fiscal Acyclicality
This literature review examines the effectiveness of countercyclical fiscal policies in stabilizing output and enhancing welfare, with a focus on the correlation between public spending cycles and GDP cycles. The study analyzes examples from Sweden and Argentina to showcase the impact of fiscal poli
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Overview of Utah's Budget for FY 2024-2025
Utah's budget for the fiscal year 2024-2025 is outlined with details on revenue sources, budget priorities, special funding, long-term fiscal health, and budget process changes. The budget allocations cover various sectors including education, transportation, law enforcement, social services, and mo
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Principles of Public Participation in Fiscal Policy
The work by GIFT focuses on developing principles for public participation in fiscal policy, emphasizing the importance of citizen engagement beyond mere disclosure. These principles aim to enhance accountability, uphold citizens' rights, and improve policy quality through inclusiveness and openness
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Gender-Responsive Fiscal Policies and Female Labor Force Participation
Despite persistent gender gaps in labor force participation and wages, various fiscal policy measures have been adopted globally since the mid-1980s to address these disparities. Understanding the impact of gender-responsive fiscal policies on female labor force participation, economic growth, incom
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Fiscal Responsibility Act & Sustainable Development Nexus
Sustainable development integrates environmental health with economic progress. Achieving SDGs requires fiscal responsibility at all levels of governance. Subnational fiscal irresponsibility impacts national growth. It is crucial to manage public resources effectively to attain sustainable developme
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Financial Responsibility and Procurement Training Overview
This overview covers key aspects of financial responsibility, procurement training, and fiscal roles within a university setting. It emphasizes protecting university resources, ensuring compliance with laws and regulations, and upholding ethical standards. It discusses the responsibilities and roles
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Enhancing Fiscal Policy Planning through Public Participation and Transparency
Explore the importance of public participation and meaningful transparency in fiscal policy planning and public expenditure management. Learn about the GIFT Network, its champions and stewards, and how fiscal transparency and public participation can lead to improved fiscal and development outcomes
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School-Based Financial Management and Fiscal Responsibility in Education Governance
School-Based Financial Management and Fiscal Responsibility is crucial for the effective operation of educational institutions. With the implementation of shared governance principles and fiscal autonomy under the School-Based Management System (SBM), schools can efficiently manage their financial r
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Fiscal Policy Guidance for State Long-Term Care Ombudsmen
Overview of the fiscal management responsibilities for State Long-Term Care Ombudsmen under the Older Americans Act requirements. Covers topics such as fiscal management, funding allocations, state plan requirements, and fiscal responsibilities. Details the OAA and LTCOP rule provisions related to f
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Understanding Fiscal Policy: A Comprehensive Overview
Fiscal policy involves changes in government spending and taxes to influence macroeconomic objectives like employment, price stability, and economic growth. It includes expansionary and contractionary policies to manage aggregate demand and stabilize the economy. This overview covers types of fiscal
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Principles of Fiscal Deficits and Debt Management According to Kalecki
Economist Kalecki advocated for a permanent regime of fiscal deficits to manage public debt, emphasizing the importance of debt management for liquidity in the financial system. His principles involve splitting the government budget into functional and financial parts, each influencing aggregate dem
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Post Award Fiscal Compliance: Who We Are and What We Do
Post Award Fiscal Compliance (PAFC) assists campus and central administrative units in mitigating non-compliance risks with sponsor terms and conditions by monitoring compliance, interpreting award requirements, providing training, and enhancing internal controls. The team includes Matt Gardner, Ass
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Macroeconomic Policy Tools: Monetary and Fiscal Policy in Short Run
This chapter delves into the IS-LM model to illustrate the functioning of monetary and fiscal policies in influencing economic growth. It explains how these policies impact output, interest rates, and inflation rates in a closed economy in the short run. Monetary policy mainly operates through open
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Year-End Closing Checklist for School Fiscal Services
Review key areas such as tax revenue, grants, grant revenue, lease rental fund revenue, accruals, deferred outflow, liabilities, and deferred inflow to properly prepare for the year-end closing in school fiscal services. Ensure accuracy in financial records and compliance with regulations for a smoo
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Economic Recovery and Fiscal Stability in Uruguay: Budget Law and Monetary Policy Framework 2020-2024
The Budget Law and Monetary Policy Framework in Uruguay for 2020-2024 focus on restoring fiscal consolidation, stabilizing debt, and implementing market-friendly policies for economic recovery. Successful COVID-19 containment strategies have allowed for a faster normalization of economic activity. L
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Examination of Interim Fiscal Policy Paper for Financial Year 2019-2020
An independent auditor's report on the interim fiscal policy paper laid before the Houses of Parliament, confirming compliance with the requirements of the FAA Act. The report assesses the components, conventions, and assumptions underlying the paper for fiscal responsibility, macroeconomic framewor
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Idaho Fiscal Officers Meeting - General Fund Review July 31, 2013
Fiscal officers in Idaho reviewed the General Fund for the fiscal year 2013, analyzing revenue growth, transfers, appropriations, and historical data. The meeting discussed actual revenue figures, beginning balances, cash reversions, budget stabilization funds, total appropriations, and estimated en
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Butte County Office of Education Fiscal Oversight Role Overview
The Assembly Bill (AB) 1200 provides insights into the fiscal oversight role of Butte County Office of Education (BCOE). It outlines the responsibilities of local boards of education, BCOE as an intermediary agent, and the creation of the Financial Crises and Management Assistance Team (FCMAT) in 19
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Carry-Forwards and Encumbrances Training Manual Overview
This manual provides detailed insight into the carry-forwards and encumbrances process for fiscal year 2021 at Oakland University, covering key definitions, general funds, controllable accounts, unexpended controllable budget, encumbrances, process purposes, deadlines, and submissions. It emphasizes
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California's Fiscal Outlook Presentation to California School Boards Association
California's fiscal outlook was presented to the California School Boards Association by the Legislative Analyst's Office in December 2016. The report highlights a decrease in revenues and expenditures for the 2016-17 fiscal year, leading to a revised reserve down by $1 billion. However, the state i
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AmeriCorps California Volunteers Fiscal Training Conference 2017 Details
In July 2017, the AmeriCorps Grantee Training Conference took place, focusing on fiscal procedures, compliance, desk reviews, and monitoring. The conference covered topics such as improper payments elimination, common audit findings, and the fiscal desk review process implemented by California Volun
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FMIS.R*STARS Closing Fiscal Year 2021 - Comptroller of Maryland Guidelines
Guidelines from the Comptroller of Maryland for the FMIS.R*STARS closing of fiscal year 2021 include deadline dates, DBM requirements, payroll accruals, budget amendments, and cash/adjusting transactions. Agencies must adhere to specific instructions for fiscal year closure processes.
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Fiscal Oversight and Responsibilities for Nonprofit Boards
Understand the basic requirements and responsibilities of nonprofit Boards in fiscal oversight, assessing members' financial knowledge, establishing Finance Committees, and adhering to Organizational Standards. Learn about the fiduciary responsibilities of Boards, setting up different Committees, an
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Assessment of Fiscal Transparency Among GIFT Stewards
This assessment analyzes the fiscal transparency of GIFT Stewards and Partners in 20 countries using various data sources. It aims to encourage peer learning, stimulate discussions on enhancing fiscal openness, and promote more robust reforms and OGP commitments. The evaluation highlights improvemen
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Fiscal Stress Diagnosis and Budget Strategies in Today's Economy
This content discusses identifying symptoms and causes of fiscal stress in government budgets, distinguishing between cyclical and structural deficits, and selecting appropriate strategies to address budget challenges. Topics include inadequate cash flow, deficit financing, debt restructuring, and e
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Fiscal Year 2023 Budget Overview
The content presents detailed information on the fiscal year 2023 budget, including budget cycles, comparisons between fiscal years, source of funds, expenditure plans, and top projects for the Consolidated Municipal Agency (CMA). It covers budget development processes, funding sources, expenditure
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Emerging Markets Investors Alliance and GIFT: Promoting Fiscal Transparency
The Emerging Markets Investors Alliance, in partnership with GIFT (Global Initiative for Fiscal Transparency), aims to educate institutional investors about fiscal transparency and facilitate investor advocacy with governments. Through roundtable discussions and engagements with finance ministers, t
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Understanding Fiscal Reports and Budgeting Process
Dive into the world of fiscal reports and budgeting with a presentation led by Stephanie Dirks. Explore the Budget Code Story, different types of reports, and examples of Fiscal 04 & Fiscal 06 reports. Learn about Fund allocations, Object Codes, and responsible oversight of funds. Get insights into
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Enhancing Fiscal Data Management with Innovative Tools
A comprehensive update on the development of tools for validating, creating, and visualizing Fiscal Data Packages. Includes completed deliverables such as validation libraries and creation app, along with details on an upcoming visualization app. The aim is to streamline the process of working with
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Building Financial Systems Around Fiscal Data in Early Childhood Programs
Understand the importance of fiscal data in program management, identify key fiscal data elements, address policy questions, and learn from a state's cost study design. Explore the significance of fiscal data for decision-making, policy development, and program management, with a focus on revenue so
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Global Practices in Fiscal Rule Performance
The study explores the implementation and impact of fiscal rules on macro-fiscal management, focusing on international experiences. It discusses the presence and compliance with fiscal rules, highlighting differences in pro-cyclicality among small and large countries. The rise in adoption of nationa
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Understanding Fiscal Notes in Government Legislation
Fiscal notes are essential documents accompanying bills affecting finances of state entities. They detail revenue, expenditure, and fiscal impact, requiring a 6-day processing timeline. The need for a fiscal note may be determined by legislative services, committees, sponsors, or agencies. The proce
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Fiscal Note Preparation Process and Guidelines
Fiscal notes are essential for bills affecting state finances. This includes the total processing time, exceptions, and what to do if there is disagreement on the fiscal note. The process involves multiple steps, including drafting, review, and resolution of disagreements. The President of the Senat
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Intergovernmental Fiscal Relations in South Sudan: A Quest for Justice, Equality, and Prosperity
This paper explores intergovernmental fiscal relations in South Sudan, focusing on decentralization, taxation, spending, grants, equalization, and transfers to oil-producing states. It discusses the importance of fiscal federalism, the evolution of decentralization in Sudan, and the country's depend
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City Budget Overview: Fiscal Years 2015 and 2016
Detailed presentation to the City Council regarding the budget updates, closeout of Fiscal Year 2015, and mid-year projection for Fiscal Year 2016. It includes revenue and expenditure breakdowns, surplus/deficit figures, supplemental sources, assigned fund balances, and future projections. The prese
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Enhancing Public Participation in Fiscal Policy and Budget Processes in PEMPAL Countries
This document discusses the progress and next steps in mainstreaming public participation in fiscal policy and budget processes in PEMPAL countries. It covers definitions of public participation and budget literacy, outlines international frameworks, presents survey findings on public participation,
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Understanding Government Tools for Economic Stability
The government uses fiscal and monetary policies to stabilize the economy. Fiscal policy involves Congress's actions through government spending or taxation changes, while monetary policy is driven by the Federal Reserve Bank. Discretionary fiscal policy involves new bills designed to adjust aggrega
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Fiscal Responsibility and Budget Management under FRBM Act 2003
The introduction of the FRBM Act in India aligns fiscal and budgetary management practices with global standards. Prior to this, deficits were financed through monetization, but the Act mandates market borrowings. The Act also extends similar guidelines to state governments, aiming for responsible f
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Fiscal Compliance for Department Heads & Directors
This presentation covers fiscal compliance practices for department heads and directors, including overviews of compliance hotlines, risks, controls, and audit services. It emphasizes the importance of internal controls, risk management, and investigating fiscal misconduct in higher education settin
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Fiscal Transparency and Public Participation Initiatives in 2023
The 2023 workplan involves various initiatives focused on advancing transparency and public participation in fiscal policies. It includes capacity building, global norms harmonization, public participation mechanisms, innovative approaches for inclusive budgets, and partnership projects with organiz
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