Most governments have no idea how much they own
New research indicates that most governments don't know how much they own - and putting their assets to better use could boost GDP.
Jason Harris is deputy division chief of the Public Financial Management division in the Fiscal Affairs Department. His research focusses on macroeconomic and fiscal policy, and he has developed the IMF’s Fiscal Transparency Code, Public Sector Balance Sheet assessments and Fiscal Stress Tests. Prior to joining the fund in 2010, he spent a decade at the Australian Treasury in various roles - as a macroeconomist, the manager for the Commonwealth Budget process and as an advisor to the Prime Minister. He also spent three years as a macro-fiscal advisor for the Papua New Guinean Treasury.