Europe round-up: Malta: change in public sector accounting system to strengthen accountability, and more

25 Sep 15

A round-up of recent public finance stories from the Europe you might have missed.

The adoption and implementation of the International Public Sector Accounting Standards, which will revolutionise the current government accounting system from a cash-based one, supplemented by accrual accounting templates, to an accrual based public sector accounting system, will enhance accountability, credibility and transparency, Malta’s finance ministry has said. (Malta Today)

The "greatest tide" of refugees is yet to come, Europe's leaders have been warned as they pledged another €1 billion (£733 million) to tackle the crisis. (ITV News)

A new government tasked with taking Greece out of its worst modern-day crisis has assumed office, three days after the leftist Syriza party was triumphantly returned to power. (The Guardian)

While Turkey continues to struggle with a slow economy, declining currency, and significant account deficit, July and August state budget figures disclosed by the Ministry of Finance show an alarming increase in state spending on official vehicles, compared to the same period of the previous year. (BGN News)

The hundreds of thousands of migrants surging into Europe are testing governments’ ability to feed and shelter them while prompting populist warnings about the threat they pose to local workers. (The Financial Times)

 

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