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The Cost of Government and the Misuse of Public Assets

Author

Listed:
  • Mr. Tej Prakash
  • Mr. Vito Tanzi

Abstract

This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public spending, as is generally done, may give wrong results when, as is often the case, public institutions use public assets (land, buildings, etc.) without imputing a cost for that use. The paper argues that, because of lack of incentives, governments are often wasteful in their use of publicly held assets. It recommends the creation of “cadastres” of publicly owned assets that could be used for several purposes including increasing public sector efficiency.

Suggested Citation

  • Mr. Tej Prakash & Mr. Vito Tanzi, 2000. "The Cost of Government and the Misuse of Public Assets," IMF Working Papers 2000/180, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2000/180
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3846
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    Citations

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    Cited by:

    1. Mirjana Hladika & Hrvoje Percevic, 2014. "Role Of The Accounting And Accounting Information In Management The Asset Specific For The Public Sector," Economy of eastern Croatia yesterday, today, tommorow, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 3, pages 300-309.
    2. Thien-Vu Tran & Hosomi Shoichiro & Masayoshi Noguchi, 2023. "Inter-Jurisdictional Comparison of Public Asset Utilization in Tokyo Metropolitan Local Governments," Public Organization Review, Springer, vol. 23(1), pages 197-218, March.

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