Finance; Public accounting; Public finances; European public finances
[en] By issuing this joint publication, ICAEW and PwC want to encourage focus on the sustainability of public finances in Europe and highlight the critical link to government accounting. There is a pressing public interest case for EU reform of government accounting and reporting. It is the basis for developing better management information systems, resulting in better decision-making and ultimately a better use of public money. It can enhance the democratic accountability framework for the assessment of the use of public funds. The end goal is the delivery of better public services in the short term and the attainment of sustainable public finances in the mid to long term, creating a positive legacy for the next generations.