Fiscal pedaling
id:
fiscal-pedaling-289-5096960
title:
Fiscal pedaling
text:
Fiscal pedaling is a governmental creative accounting technique involving the use of state-owned banks to front funds required for paying general government obligations without officially declaring a loan, thus hiding these transfers from public scrutiny and delaying repayment from the Treasury to these banks. As such it is a kind of "overdraft" implying a positive balance sheet that does not really exist. Sometimes the term fiscal backpedaling is used. The term gained popularity with the Brazil
brand slug:
wiki
category slug:
encyclopedia
description:
Creative accounting technique
original url:
https://en.wikipedia.org/wiki/Fiscal_pedaling
date created:
date modified:
2024-04-20T16:43:19Z
main entity:
{"identifier":"Q30193055","url":"https://www.wikidata.org/entity/Q30193055"}
image:
fields total:
13
integrity:
14