Indonesia's Public Wealth: A Balance Sheet Approach to Fiscal Policy Analysis

Majdeline El Rayess, Avril Halstead, Jason Harris, John Ralyea and Alexander Tieman

No 2019/081, IMF Working Papers from International Monetary Fund

Abstract: Public sector balance sheets (PSBS) provide a framework for comprehensive and deep analysis of fiscal risks and policies. To illustrate these benefits, this paper shows how PSBS analysis can be applied to assess risks to Indonesia’s public sector stemming from its public corporations. The paper also shows that the government’s plans to finance a ramp-up in public investment with additional tax revenue increases both economic growth and public wealth.

Keywords: WP; asset; GDP; real GDP; investment; balance sheet; Public Sector Balance Sheet; Intertemporal Fiscal Balances; Public Investment; Indonesia.; asset revaluation; return on equity; public sector; baseline GDP; nonfinancial public corporation asset; cash flow; asset instrument; current ratio; Business enterprises; Financial statements; Public sector; Public investment spending; Stocks (search for similar items in EconPapers)
Pages: 31
Date: 2019-04-24
New Economics Papers: this item is included in nep-acc, nep-mac and nep-sea
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