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T7:5‘18’‘
Although it is difficult for non-oil county to build up saving, there are still some other ways to increase revenue: make the better use of assets.
Assets include: natural resources; property and infrastructure, such as ports and roads; public firms, such as utilities and state-owned airlines; and financial assets like those held by public pension funds.
A big point is that with so many assets on the books, it would take only a small increase in yields to raise a lot of money.
1.Generate yields for for society from some assets, such as national parks, are non-monetary. For instance, the Boston airport, which sits on prime waterfront and could be moved inland.
2.take financial assets.
3.improving profitability of public firms, like post office.
4.For many physical assets, the first step is working out the value of what is on the books.
A government’s biggest assets are its ability to raise taxes in the future and to change policy, for example by cutting state pensions. But these are assets nobody wants to see used to their full potential. The more that cash-strapped governments can raise from the stuff they own, the less they will have to cut and squeeze elsewhere. |
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