Instead of focusing only on the problem of public debt, we should also pay close attention to vast amounts of “public wealth” that governments manage, according to Dag Detter, Managing Partner & Founder, Detter & Company. The first step is to improve transparency in how governments manage public sector finance. Governments should provide a special annual report of their commercial assets, which represents a vast segment of wealth that, in many cases, is even larger than public debt.
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