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- The net financial worth of the general government sector is the total value of its financial assets minus the total value of its outstanding liabilities.
data.oecd.org/gga/general-government-financial-wealth.htm
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Jan 23, 2023 · General government net worth increased in 2021 for the first time since 2018, however, it remains at negative £1.4 trillion with financial liabilities exceeding total assets. This bulletin...
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Keywords: investments, dwellings, land, national wealth, net...
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General government net worth increased in 2021 for the first...
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National balance sheet estimates for the UK: 1995 to 2021....
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- Accruals/Accrued Recording
- Accrued
- Alignment
- Asset Protection Scheme
- Asset Purchase Facility
- Bank of England Asset Purchase Facility
- Capital Transfers
- Cash Recording
- Credit Guarantee Scheme
- Current Budget Deficit/Surplus
Financial recording based on when ownership transfers or the service is provided (sometimes different to when cash is paid).
Public sector finances estimates are recorded on an accrued basis. This means that transactions are recorded when they occur and not necessarily when the cash transaction takes place. For example, when a good transfers ownership it is recorded, regardless of when the cash is received for that good.
Alignment describes the harmonising approach to produce consistent data across outputs and different measures. Alignment of data can produce revisions. Two important instances where this takes place in the public sector finances are when public sector finances are aligned with national accounts data (and vice versa) and when the financial and non-f...
HM Treasury’s asset protection scheme to protect the interest of the Royal Bank of Scotland’s financial assets against losses.
See Bank of England asset purchase facility – an arm of the Bank of England able to purchase financial assets including government securities (gilts). The APF has earned interest that is periodically transferred back to central government. These payments are public sector borrowing neutral.
The purchase of high-quality assets (such as corporate bonds, commercial papers and gilts) financed by the issue of Treasury bills and the Debt Management Office (see DMO) cash management operations.
Common capital transfers relate to assets such as shares or other forms of equity. Capital transfers are a component of net investment.
Financial recording based on when cash is paid or received. Net cash requirement is recorded on a cash basis and net debt is close to being a cash measure.
This was part of government measures taken to ensure financial stability by providing liquidity in the short term to the banking system. It involved the provision of new capital to UK banks and building societies to strengthen their resources. This provided an opportunity to restructure their finances, while maintaining their support for the real e...
The current budget is the difference between the revenue (or receipts) (taxes, etc.) and its current expenditure, on an accrued basis – the gap between current expenditure and current receipts (having taken account of depreciation). The current budget is in surplus when receipts are greater than expenditure. The current budget is in deficit when ex...
Apr 21, 2023 · The main debt measure used by the government as a fiscal target, and the one most looked at by economic commentators, is ‘public sector net debt excluding public sector banks’ (‘PSND ex’...
Jun 22, 2021 · This article outlines plans to introduce an additional statistical aggregate, public sector net worth, to the public sector finance statistics and explains how it will differ from existing...
Apr 27, 2023 · Public sector net worth, or PSNW, is a relatively comprehensive measure of the total value of the public sector’s assets, both financial and non-financial, minus its liabilities. This is broader than the more familiar ‘public sector net debt’.
Oct 7, 2023 · Public sector net worth is a valuable additionto the set of information about the financial position and assets of the government, and to the set of measures estimated by the Office for National Statistics (ONS) and forecast by the Office for Budget Responsibility (OBR).
“Public sector net worth, or PSNW, is a relatively comprehensive measure of the total value of the public sector’s assets, both financial and non-financial, minus its liabilities. This is broader than the more familiar ‘public sector net debt’.
