Government Finance Statistics (GFS)

Non-financial asset of government, value

Non-financial asset refers to assets that are produced (e.g. machinery and equipment) or non-produced (e.g. land and natural resources). These assets represent the produced and natural capital that companies use to generate income.

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