BIS central bankers’ speeches  5  4  General Government measures include local authorities, non-commercial state sponsored bodies, the National Pensions Reserve Fund (NPRF) and the Social Insurance Fund, whereas the Exchequer Balance only includes Central Government transactions. The General Government measure also includes elements of accrual accounting while the Exchequer Balance is a cash-based measure. 2.
The Irish economy’s golden age: meeting global demand in the 1990s  The near miraculous turnaround of the Irish fiscal and growth environment in the late 1980s has been the subject of a considerable amount of research.3 From the present perspective, what is clear is that it depended heavily on Ireland’s globalized status.