Normes comptables et gestion de la dette publique

Abstract

Accounting standards and public debt management Propelled by financial globalisation, the convergence of accounting standards has accelerated in recent years ; so much so that public debt management can no longer sidestep today’s changing accounting framework. This note examines the accounting standards governing the public sector and the way in which they interact with those of the private sector. Indeed, the latter also bear an impact on the functioning of the world’s capital markets where the states procure their financing. This is illustrated by the example of the impact of pension fund accounting on demand for long-term sovereign securities and, therefore, on issuance policies. Classification JEL : E62, G18, H63