Governments Must Clear the Fiscal Fog

Gerhard Steger, Director General, Budget and Public Finance, Austria | October 2, 2016 |

Governments need to foster a true and fair view of their entire financial status, which require International Public Sector Accounting Standards, says Gerhard Steger, Director General, Budget and Public Finance, Austria. A balance sheet, operating statements, and cash-flow statements are also essential for sound public sector financial decision making.


Join the Conversation

To leave a comment below, login or register with


Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.