Monday, September 28, 2020

Governments urged to adopt a balance sheet approach

Bahrain Business

MANAMA: Governments must take a balance sheet approach to managing their finances through the Covid-19 crisis, according to a new report. In ‘Sustainable public finances through Covid-19’, the Association of Chartered Certified Accountants (ACCA), the World Bank and International Federation of Accountants (IFAC) are calling for governments to use public sector balance sheets to properly manage their finances through the pandemic, paying attention to their public sector net worth .