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Another Look at Governments’ Balance Sheets [electronic resource] : The Role of Nonfinancial Assets, Bova, Elva.

Author/Creator:
Bova, Elva.
Publication:
Washington, D.C. : International Monetary Fund, 2013.
Format/Description:
Government document
Book
1 online resource (44 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 13/95.
IMF Working Papers; Working Paper No. 13/95
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Local subjects:
Accounting practices. (search)
Asset management. (search)
Asset prices. (search)
Budget law. (search)
Contingent liabilities. (search)
Cross country analysis. (search)
Debt. (search)
Debt Management. (search)
Debt ratios. (search)
Debt reduction. (search)
Debt statistics. (search)
Debt strategy. (search)
Decentralization. (search)
Financial accounting. (search)
Financial assets. (search)
Fiscal Policy. (search)
Government accounts. (search)
Government debt. (search)
Government finance. (search)
Government finance statistics. (search)
Infrastructures. (search)
National accounts. (search)
National accounts data. (search)
Net debt. (search)
Public debt. (search)
Public Expenditures, Investment, and Finance. (search)
Public finances. (search)
Public sector debt. (search)
Structure and Scope of Government. (search)
Taxation. (search)
Australia. (search)
Canada. (search)
France. (search)
Grenada. (search)
Japan. (search)
Korea, Republic of. (search)
United Kingdom. (search)
United States. (search)
Summary:
When discussing debt reduction strategies, little attention has been given to the role of governments’ nonfinancial assets. This is in part because data are scarce. Drawing on various data sources, this paper looks at the size, composition, and management of state-owned nonfinancial assets across 32 economies, with particular focus on the advanced G-20 economies. We find that reported nonfinancial assets comprise mostly structures (such as roads and buildings) and,when valued, land. These assets have increased over time, mostly due to higher property and commodity prices, and are, in large part, owned by subnational governments. Many countries have launched reforms with a view to streamlining public administrations, but receipts and savings have been rather small so far. Governments tend to consider relatively small sets of assets to be disposable, though preferences could change in the future. A potential source for future revenues could be greater reliance on user charges, such as road tolls. In most cases, a first step for more effective asset management has to be the expansion and improvement of data compilation.
Notes:
Description based on print version record.
Contributor:
Bova, Elva.
Dippelsman, Robert.
Rideout, Kara.
Schaechter, Andrea.
Other format:
Print Version:
ISBN:
1484315456:
9781484315453
ISSN:
1018-5941
Publisher Number:
10.5089/9781484315453.001
Access Restriction:
Restricted for use by site license.