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1993 SNA Update Information - Super dividend, capital injections and reinvested earnings (government transactions with public corporations (earnings and funding))

Issue description
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The 1993 SNA treatment of withdrawals from quasi-corporations differs from that of payment of dividends from corporations. Dividends are always assumed to be from current earnings, but withdrawals from quasi-corporations may not be. Public corporations are often quasi-corporations and the treatment accorded quasi-corporations allows government to manage the pattern of withdrawals from one year to another for political reasons. Should the SNA be amended to limit this possibility and if so which of two possibilities is recommended?
The first option is to bring the treatment for quasi-corporations more into line with that for corporations in respect of large and exceptional payments (like super-dividends) as well as of capital injections made by the government as the owner.
The second option would be to adopt an approach for public corporations similar to that for direct investment enterprises and show redistributed earnings (or losses ) of public corporations as accruing in the government accounts and then reinvested in (or withdrawn from) the equity of the corporation.
Corresponding papers (Click on icon to see document in either pdf or word format)
AEG papers:Posted on 18/01/2006Click here to see pdf documentClick here to see word documentGovernment dividends and capital transactions with public corporations in the updated SNA
 Posted on 15/08/2005Click here to see pdf documentClick here to see word documentGovernment transactions with public corporations
 
AEG summaries:Posted on 07/04/2006Click here to see pdf documentClick here to see word documentGovernment dividends and capital transactions with public corporations in the updated SNA
Statistics
Number of AEG recommendations:1
Number of country comments:18
Number of expert comments:none
Corresponding AEG Meetings
The issue was discussed at the following meetings:
July 2005, Jan/Feb 2006
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