IMF Working Papers

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

By Majdeline El Rayess, Avril Halstead, Jason Harris, John Ralyea, Alexander F. Tieman

April 24, 2019

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Majdeline El Rayess, Avril Halstead, Jason Harris, John Ralyea, and Alexander F. Tieman Indonesia's Public Wealth: A Balance Sheet Approach to Fiscal Policy Analysis, (USA: International Monetary Fund, 2019) accessed November 8, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Business enterprises, Economic sectors, Expenditure, Financial institutions, Financial statements, Public financial management (PFM), Public investment spending, Public sector, Revenue administration, Stocks

Keywords: Asset, Asset instrument, Asset revaluation, Balance sheet, Baseline GDP, Business enterprises, Cash flow, Current ratio, Financial statements, GDP, Indonesia., Intertemporal Fiscal Balances, Investment, Nonfinancial public corporation asset, Public Investment, Public investment spending, Public sector, Public sector, Public Sector Balance Sheet, Real GDP, Return on equity, Stocks, WP

Publication Details

  • Pages:

    31

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2019/081

  • Stock No:

    WPIEA2019081

  • ISBN:

    9781498303798

  • ISSN:

    1018-5941