The projected path of the U.S. national debt is the major challenge facing American economic policy. Without changes in tax and spending rules, the national debt will rise from 62 percent of GDP now to more than 100 percent of GDP by the end of the decade and nearly twice that level within 25...

This paper does two things. First it examines the use of real time inter-annual cash data and the role of early interventions for improving the monitoring of national fiscal policies and the correction of fiscal indiscipline. Early warnings are important because they allow us to spread the...

An attempt is made in this paper to make an extensive discussion on accounting theory and how it facilitates budgetary control. The study is purely library research; materials were extensively used from secondary source. The analysis was contextual. The paper concludes that accounting theory has...