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Governments' contingent liabilities increase fiscal vulnerability, but are omitted in traditional measures of the current deficit. In the Czech Republic this omission may mean that fiscal adjustment has been overstated by 3 to 4 percent of annual GDP, with future budgets having to pay for past guarantees. The stock of existing contingent liabilities in Macedonia could add 2 to 4 percent of GDP to that country's future deficits.
Budget deficits --- Contingent liabilities (Accounting) --- Finance, Public --- Fiscal policy
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Transportation --- Common carriers --- Liabilities --- Passenger ships --- Passenger traffic.
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Oceanography. --- Oceanographic data --- International relations --- International law --- Liabilities --- Legislation
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Liabilities (Accounting) --- Business failures. --- Comparative law. --- Finance --- Law and legislation
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Contingent liabilities (Accounting) --- Liabilities (Accounting) --- Government liability --- Finance, Public --- Debts, Public --- Administrative agencies --- Executive departments --- Accounting --- Standards
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Untoward injuries are unacceptably common in medical treatment, at times with tragic consequences for patients. The phrases 'an epidemic of error' and 'the medical toll' have been coined to describe this problem of 'iatrogenic harm', which it has been suggested may have contributed to 98,000 deaths per year in the US. Some of these incidents are the result of negligence on the part of doctors, but more usually they are no more than inevitable concomitants of the complexity of modern healthcare. This book is fundamentally about distinguishing the former from the latter. Although medicine is used as the book's primary example, the points made apply equally to aviation, industrial activities, and many other fields of human endeavour. The book advocates a more informed alternative to the blaming culture which has increasingly come to dominate our response to accidents, whether in the medical field or elsewhere.
Medical personnel --- Medical jurisprudence --- Medical Errors --- Malpractice --- Liability, Legal. --- Quality of Health Care --- Forensic medicine --- Injuries (Law) --- Jurisprudence, Medical --- Legal medicine --- Forensic sciences --- Medicine --- Medical laws and legislation --- Medical malpractice --- Medical negligence --- Tort liability of medical personnel --- Medical errors --- Legal Liability --- Medical Liability --- Torts --- Institutional Liability --- Personal Liability --- Professional Liability --- Institutional Liabilities --- Legal Liabilities --- Liabilities, Institutional --- Liabilities, Legal --- Liabilities, Medical --- Liabilities, Personal --- Liabilities, Professional --- Liability, Institutional --- Liability, Medical --- Liability, Personal --- Liability, Professional --- Medical Liabilities --- Personal Liabilities --- Professional Liabilities --- Tort --- legislation & jurisprudence. --- prevention & control. --- standards. --- Medical jurisprudence. --- Malpractice. --- Law --- General and Others
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Finance, Public --- Liabilities (Accounting) --- Debts, Public --- Administrative agencies --- Executive departments --- Accounting --- Standards
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Cost and standard of living --- Liabilities (Accounting) --- Consumption (Economics) --- Japan. --- Japan
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Contingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in which the financial position of the public sector is substantially altered-or its true nature uncovered-as a result of government bailouts of financial or nonfinancial entities, in both the private and the public sector. The paper discusses theoretical and practical issues raised by contingent liabilities, including the rationale for taking them on, how to safeguard against the fiscal risks associated with them, how to account and budget for them, and how to disclose them. Country experiences are used to illustrate ways these issues are addressed in practice and challenges faced. The paper also points to good practices related to the mitigation, management and disclosure of risks from contingent liabilities.
Contingent liabilities (Accounting) --- Liabilities (Accounting) --- Finance, Public --- Risk management. --- Accounting. --- Government accounting --- Governmental accounting --- Public accounting --- Accrued liabilities --- Insurance --- Management --- Accounting --- Budgeting --- Public Finance --- Public Administration --- Public Sector Accounting and Audits --- National Budget --- Budget Systems --- Insurance Companies --- Actuarial Studies --- Public finance & taxation --- Budgeting & financial management --- Financial reporting, financial statements --- Insurance & actuarial studies --- Contingent liabilities --- Budget planning and preparation --- Financial statements --- Fiscal risks --- Fiscal policy --- Budget --- United States