Statistical Treatment of 'Build-Own-Operate-Transfer+L2306 Schemes

October 1, 2002

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Format: Chicago

Brian T Donaghue. Statistical Treatment of 'Build-Own-Operate-Transfer+L2306 Schemes, (USA: International Monetary Fund, 2002) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper argues that assets produced under build-own-operate-transfer (BOOT) schemes-under which public infrastructure assets are legally owned and operated for a defined period by the private corporation that constructs them, before being transferred to the government- should be treated in macroeconomic statistics as owned by the government from the outset. The paper considers three approaches to the treatment of the economic stocks and flows entailed in these arrangements. While the preferred approach conceptually is to impute the creation and extinguishment of financial assets and liabilities, this approach is not consistent with the System of National Accounts 1993, and therefore an operating lease approach to BOOT schemes is recommended.

Subject: Asset valuation, Business enterprises, Infrastructure, National accounts, Public sector

Keywords: Asset, Boot asset, Financial asset, Fixed asset, Value, WP

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/167
Stock No:

WPIEA1672002
ISBN:

9781451858198
ISSN:

1018-5941

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