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

Author/Editor: Donaghue, Brian
Authorized for Distribution: October 1, 2002
Electronic Access: Free Full Text (PDF file size is 715KB)
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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.
Series: Working Paper No. 02/167
Subject(s): Statistics | National accounts
Author's keyword(s): Build-Own-Operate-Transfer | BOOT
    Published:   October 1, 2002        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1672002   Pages:   21
    Price:   US$15.00
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