The International Monetary Fund (IMF) has unveiled a world record of 182 trillion dollars in 2017 of Global Debt, growing 50 percent from the previous 10 years. According to the fund, the net asset value of 31 countries contributes 61 percent of global economic output, and the value of assets in these countries is about $101 trillion, equivalent to twice its gross domestic product.
The public companies’ assets accounted a little bit more than the half of these assets, while natural resources such as oil or mineral wealth accounted less than the half.
The fund announced that revenue gains from nonfinancial public corporations and government financial assets could reach 3% of GDP per year, equivalent to annual corporate tax revenues in developed economies.
The fund also revealed that Australia, New Zealand and Britain are taking positive steps to improve asset management in anticipation of future financial commitments.
Source: (Al-Arabiya.net, Edited)
