Government Finance Statistics (GFS)

Net acquisition of non-financial assets of government, value

Net acquisition of non-financial assets refers to gross fixed capital formation minus consumption of fixed capital plus changes in inventories and transactions in other nonfinancial assets.

Government refers to unique kinds of legal entities established by political processes that have legislative, judicial or executive authority over other institutional units within a given area. Viewed as institutional units, the principal functions of government are to assume responsibility for the provision of goods and services to the community or to individual households and to finance their provision out of taxation or other incomes; to redistribute income and wealth by means of transfers; and to engage in non-market production.

The data for this variable are reported using the following measurements:

• Canadian dollar at current prices