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- 2008613021 abstract "This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although selling public assets has some merit if done to make more productive use of them, practical complications abound. Moreover, such sales might weaken underlying fiscal discipline. Other heavily indebted countries have reduced their debt much more than Italy without heavy recourse to extraordinary sales. In this context, the case of Belgium is of particular interest. Weighing the trade-offs, if properly and transparently done, the sale of public assets can complement, to a limited extent, fiscal consolidation, but should not be considered as an alternative to it.".
- 2008613021 contributor B11371468.
- 2008613021 contributor B11371469.
- 2008613021 created "c2008.".
- 2008613021 date "2008".
- 2008613021 date "c2008.".
- 2008613021 dateCopyrighted "c2008.".
- 2008613021 description "Includes bibliographical references.".
- 2008613021 description "Mode of access: World Wide Web.".
- 2008613021 description "System requirements: Adobe Acrobat Reader.".
- 2008613021 description "This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although selling public assets has some merit if done to make more productive use of them, practical complications abound. Moreover, such sales might weaken underlying fiscal discipline. Other heavily indebted countries have reduced their debt much more than Italy without heavy recourse to extraordinary sales. In this context, the case of Belgium is of particular interest. Weighing the trade-offs, if properly and transparently done, the sale of public assets can complement, to a limited extent, fiscal consolidation, but should not be considered as an alternative to it.".
- 2008613021 hasFormat "Also available in print.".
- 2008613021 identifier pdp01.pdf.
- 2008613021 isFormatOf "Also available in print.".
- 2008613021 isPartOf "IMF policy discussion paper ; PDP/08/1".
- 2008613021 issued "2008".
- 2008613021 issued "c2008.".
- 2008613021 language "eng".
- 2008613021 publisher "[Washington, D.C.] : International Monetary Fund,".
- 2008613021 relation "Also available in print.".
- 2008613021 requires "Mode of access: World Wide Web.".
- 2008613021 requires "System requirements: Adobe Acrobat Reader.".
- 2008613021 subject "HG3881.5.I58".
- 2008613021 subject "Public debt reduction ; public net worth ; sustainability of public finances ; fiscal adjustment ; strategy for managing public assets".
- 2008613021 title "Should Italy sell its nonfinancial assets to reduce the debt? [electronic resource] / Stefania Fabrizio.".
- 2008613021 type "text".