[OpenSpending] XBRL for Local Government Financial Reporting

Wed Sep 4 22:38:15 UTC 2013

Hello Marc,
Thank you for sending the article. It says

"In Spain, the local government ministry
encourages<http://www.e-local.es/index.html> more
than 16,000 municipalities and
agencies<http://hitachidatainteractive.com/2011/02/09/xbrl-developments-in-spain-2011/>
to
submit required budget reports in XBRL format. "

>From a journalist's point of view, I've been trying to find more info about
this and xbrl format seems to be successfully used by private companies. I
have to add that that info is not public (no Freedom of Information Law in
Spain yet), although you can request it at a Registry and obtain it for an
expensive fee .

But is there any data or evidence that local governments are using it to
submit their reports, or have they just been encouraged?  Do you know
whether using this format in other countries implies that reports will be
accessible to the general public? Can you help me find this info?

Thanks a lot,
Concha Catalan

-- 
Visita mi blog: http://barcelonalittleshell.blogspot.com.es/
Visita opengov.cat

> Message: 3
> Date: Wed, 4 Sep 2013 08:50:33 -0700
> From: "Marc Joffe" <marc at publicsectorcredit.org>
> Subject: [OpenSpending] XBRL for Local Government Financial Reporting
> To: "'OpenSpending Discussion List'" <openspending at lists.okfn.org>
> Message-ID: <016c01cea986$7d906550$78b12ff0$@publicsectorcredit.org>
> Content-Type: text/plain; charset="us-ascii"
>
> A financial industry opinion site carries my case for using XBRL
> (eXtensible
> Business Reporting Language) in the US municipal bond market. European
> readers may be interested in the example of Spain using XBRL for its local
> government financial reporting.
>
>
>
>
> http://tabbforum.com/opinions/the-case-for-muni-xbrl-bringing-municipal-fina
> ncial-disclosure-into-the-21st-century
>
>
>
>
>
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