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Implementing Change

In: Public Net Worth

Author

Listed:
  • Ian Ball
  • Willem Buiter
  • John Crompton
  • Dag Detter
  • Jacob Soll

Abstract

Adopting the accounting-driven principles described in this book has widespread relevance and especially to democratic countries with highly developed welfare states. Action steps include adopting fiscal targets that reflect the current balance sheet and long-term projections of future revenues and costs; using accrual accounting-based financial information across government; developing and sustaining independent institutions to evaluate and report upon financial sustainability; evaluating and managing government commercial assets (especially property) to improve resource use and increase revenues; evaluating and managing non-debt liabilities (including anticipated future costs); establishing debt-funded sovereign wealth funds to improve government revenues and increase financial resilience.

Suggested Citation

  • Ian Ball & Willem Buiter & John Crompton & Dag Detter & Jacob Soll, 2024. "Implementing Change," Springer Books, in: Public Net Worth, chapter 20, pages 313-317, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-44343-5_20
    DOI: 10.1007/978-3-031-44343-5_20
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