I wrote yesterday about the IMF's finding that governments globally are holding as much as $101 TRILLION in assets - and those assets are a largely untapped resource for providing revenue streams to fund public policy goals, like infrastructure maintenance and construction.
The IMF has also offered up ideas for how governments can get started on better managing those assets. Do you really know the value of your governments' assets? And, are you sure you're getting the greatest return on them? This is a presentation deck that gives a high-level picture, but if you're new to the topic, seems to me a decent way to start learning. Let me know your thoughts.
Key Messages • Move beyond debt and deficits, to provide the most comprehensive view of public finances • Shed light on public assets and liabilities by bringing together existing and newly estimated PSBS data into a single source • Identify the macro-economic relevance of balance sheets and theirimpact on sovereign yields, economic resilience and potential revenues • Develop and apply a conceptual framework for assessing balance sheets to improve fiscal policy and better manage fiscal risks