Accession Number : ADA304924

Title :   Budget Issues: Privatization/Divestiture Practices in Other Nations.

Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV

PDF Url : ADA304924

Report Date : DEC 1995

Pagination or Media Count : 33

Abstract : General Accounting Office (GAO) reviewed the divestiture experiences of central governments of several other nations. Specifically, issues relating to (1) the privatization process, (2) the valuation and preparation of the assets for sale, and (3) the use and display of the sale proceeds for budgetary purposes were examined. In the United States, the term "privatization" can refer to a broad range of activities that, to varving degrees, lessen the government's involvement in the provision of goods and services. In common discourse, the privatization spectrum can include contracting out, public-private partnerships, vouchers, and franchising, as well as the actual sale-divestiture-of government assets and operations. GAO's review focused on the last activity, the transfer of ownership from the government to the private sector. Specifically, GAO studied the divestiture of entire operations, a process which involves the sale of an ongoing concern along with the physical assets associated with the operation. GAO did not address concessioning, which is a process by which the government sells the right to operate property.

Descriptors :   *CONTRACT PROPOSALS, *FEDERAL BUDGETS, INDUSTRIES, POLICIES, UNITED STATES GOVERNMENT, LESSONS LEARNED, CORPORATIONS, FINANCIAL MANAGEMENT, ECONOMIC IMPACT, GOVERNMENT(FOREIGN), COST ANALYSIS, EFFICIENCY, TRANSFER, MACROECONOMICS, VALUE ENGINEERING, PROFITS, STRATEGIC AREAS.

Subject Categories : Economics and Cost Analysis
      Government and Political Science

Distribution Statement : APPROVED FOR PUBLIC RELEASE