Statistical Treatment of 'Build-Own-Operate-Transfer+L2306 Schemes

摘要: The paper argues that assets produced under build-own-operate-transfer (BOOT) schemes-under which public infrastructure are legally owned and operated for a defined period by the private corporation constructs them, before being transferred to government- should be treated in macroeconomic statistics as government from outset. considers three approaches treatment of economic stocks flows entailed these arrangements. While preferred approach conceptually is impute creation extinguishment financial liabilities, this not consistent with System National Accounts 1993, therefore an operating lease BOOT schemes recommended.