Enter the e-mail address associated with your account.
Click "send" to have your password e-mailed to you.

Institute of Public Finance

Creative Commons License
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License

Towards Efficient Public Sector Asset Management

Mihaela Grubišić, The Institute of Economics, Zagreb, Croatia
Mustafa Nušinović, The Institute of Economics, Zagreb, Croatia
Gorana Roje, The Institute of Economics, Zagreb, Croatia

Governments are accountable for providing quality public services to their citizens at the most favourable terms. They are, among other issues, responsible for managing a diversified public asset portfolio. This paper examines one of the critical financial challenges in Croatia: managing public sector assets efficiently. It attempts to facilitate better understanding of public asset management as an integral part of public sector reforms. The lack of reliable information on public assets in place hinders determination of the assets' value, budgeting for asset management activities and evaluating public asset portfolio performance. As a result, assets are managed on an ad-hoc, often reactive basis. Starting from the concept that public authorities have to be fully accountable to the public, we propose the preconditions necessary for commencing proper public asset management practice in Croatia. Our model might help other countries that are also faced with public asset management inefficiency.

Keywords:  public sector assets, centralised asset registry, accrual financial reporting, professional asset management, Croatia

Year:  2009   |   Volume:  33   |   Issue:  3   |   Pages:  329 - 362

Full text (PDF)   |   E-mail this article   |   Download to citation manager
 September, 2009
III / 2009
EBSCO Publishing
ISSN 1846-887X
e-ISSN 1845-9757
In order to give you a better user experience, cookies have been stored on your computer.
By accessing the website www.fintp.hr the user has given consent to using cookies. More information