The asset state: Comparing new models for financing public investment

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This project aims to investigate policy models that account for public spending as an asset rather than a cost. The project expects to build knowledge about how changes in the way governments budget for and deliver funding create new options for public investment. The project develops a comparative study of the relationship between accounting reforms and financing models for higher education, social housing and renewable energy in Australia and the UK. Expected outcomes include conceptualising new spaces of fiscal power in the 'asset state' and developing tools for policy makers to guide budgetary choices. This should provide significant benefits by identifying equitable and sustainable ways to pay for critical services and infrastructure.