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

32 Pages Posted: 2 Jun 2019

See all articles by Majdeline El Rayess

Majdeline El Rayess

affiliation not provided to SSRN

Avril Halstead

affiliation not provided to SSRN

Jason Harris

affiliation not provided to SSRN

John Ralyea

International Monetary Fund (IMF)

Alexander F. Tieman

International Monetary Fund (IMF)

Date Written: April 2019

Abstract

Public sector balance sheets (PSBS) provide a framework for comprehensive and deepanalysis of fiscal risks and policies. To illustrate these benefits, this paper shows how PSBSanalysis can be applied to assess risks to Indonesia's public sector stemming from its publiccorporations. The paper also shows that the government's plans to finance a ramp-up inpublic investment with additional tax revenue increases both economic growth and publicwealth.

Keywords: Financial soundness indicators, Economic growth, Interest rate increases, Real interest rates, Public financial corporations, Public Sector Balance Sheet, Intertemporal Fiscal Balances, Public Investment, Indonesia., intertemporal, tax-financed, public corporation, percent of GDP, non-financial

JEL Classification: H00, H55, H60, H63, H68, H75, H81, E01, G21, H83

Suggested Citation

El Rayess, Majdeline and Halstead, Avril and Harris, Jason and Ralyea, John and Tieman, Alexander F., Indonesia's Public Wealth: A Balance Sheet Approach to Fiscal Policy Analysis (April 2019). IMF Working Paper No. 19/81. Available at SSRN: https://ssrn.com/abstract=3397539

Majdeline El Rayess

affiliation not provided to SSRN

No Address Available

Avril Halstead

affiliation not provided to SSRN

No Address Available

Jason Harris

affiliation not provided to SSRN

John Ralyea (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Alexander F. Tieman

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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