ABSTRACT
Anwar Shah commented that many countries (New Zealand being the foremost example) were already applying the concept of net worth. New Zealand’s government calculated its net worth on an annual basis in the form of asset valuation over time, contingent liabilities, and cash flow. A number of other countries were moving toward implementing net worth systems, because macroeconomists especially have realized that countries’ deficits and debts alone do not tell them much about their fiscal situation.
