Chapter 1 Managing Public Wealth
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Language:
English
Print Publication Date:
10 Oct 2018
Keywords:
FM; term id; debt; nominal GDP; country abbreviation; statistics manual; debt vulnerability; public corporation assets; nondebt liability; Financial statements; Fiscal stance; Macroeconomic and fiscal forecasts; Global; Africa; Asia and Pacific; Middle East; North Africa; Sub-Saharan Africa; valuation risk; balance sheet projection; balance sheet indicator; balance sheet management; rate of return

Abstract

Public sector balance sheets (PSBSs) provide the most comprehensive view of public wealth, yet they are little understood, poorly measured, and only partly managed. Standard fiscal analysis focuses on flows—revenues, expenditures, and deficits—with assessments of stocks largely limited to gross debt. The focus on debt misses large swaths of government activity and can fall victim to illusory fiscal practices.

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Cover Fiscal Monitor, October 2018
Fiscal Monitor, October 2018
Managing Public Wealth
ISBN:
9781484367612
ISSN:
2219-276X
Publication Date:
10 Oct 2018
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484367612.089
Pages:
104