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  • Format: ePub

Under IMF fiscal reporting guidelines, much of the government's transfers to endowment and trust funds are classified as pre-funded expenditures for future years. These allocations, while substantial, are not typically charged off as current-year operating expenditure. This creates a fiscal illusion: the budget appears lean and disciplined, even though large sums have already been earmarked for future spending

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Produktbeschreibung
Under IMF fiscal reporting guidelines, much of the government's transfers to endowment and trust funds are classified as pre-funded expenditures for future years. These allocations, while substantial, are not typically charged off as current-year operating expenditure. This creates a fiscal illusion: the budget appears lean and disciplined, even though large sums have already been earmarked for future spending


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Autorenporträt
Leong Sze Hian has served as the president of 3 professional bodies and a human rights NGO, and the honorary consul of 2 countries. An alumnus of Harvard University, he has authored 5 books, quoted over 1500 times in the media , has been a radio talkshow host, newspaper daily columnist, Wharton Fellow, SEACeM Fellow, executive producer of Ilo Ilo (40 international awards), and invited to speak more than 200 times in more than 40 countries, . He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications