Another Look at Governments' Balance Sheets: The Role of Nonfinancial Assets
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 acro...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/95 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (44 p) |
ISBN: | 1484315456 9781484315453 |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Bova, Elva Verfasser aut Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets Bova, Elva Washington, D.C International Monetary Fund 2013 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/95 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 Online-Ausg Dippelsman, Robert Sonstige oth Rideout, Kara Sonstige oth Schaechter, Andrea Sonstige oth http://elibrary.imf.org/view/IMF001/20447-9781484315453/20447-9781484315453/20447-9781484315453.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Bova, Elva Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets |
title | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets |
title_auth | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets |
title_exact_search | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets |
title_exact_search_txtP | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets |
title_full | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets Bova, Elva |
title_fullStr | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets Bova, Elva |
title_full_unstemmed | Another Look at Governments' Balance Sheets The Role of Nonfinancial Assets Bova, Elva |
title_short | Another Look at Governments' Balance Sheets |
title_sort | another look at governments balance sheets the role of nonfinancial assets |
title_sub | The Role of Nonfinancial Assets |
url | http://elibrary.imf.org/view/IMF001/20447-9781484315453/20447-9781484315453/20447-9781484315453.xml |
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