Definition: Indirect sale of financial assets
National accounts
The indirect sale of financial assets has to be completely recorded in the financial accounts of general government and of the enterprise A concerned: it is a withdrawal of shares or other equity from enterprise A, with a counterpart entry as an increasing of a financial asset. This is true whether or not enterprise A gives to its owner, the government, all or parts of the proceeds of the sale. The indirect sale of financial assets has no impact on the net lending/net borrowing of general government.
Source:
Eurostat, "ESA 95 manual on government deficit and debt, 2002 Edition", Office for Official Publications of the European Communities, Luxembourg, 2002, Chapter II.2
Created:
Updated: