Gov't investments losing tens of millions of pounds per annum

[Albert Tatlock]

 

What is also interesting here is how these are viewing the the big scheme of things in terms of reserves. I suppose the reserves should include all government entity debt as well as money owed to government.

 

Can you explain that so folks outside accountancy or financial services can understand ?Im sure it would be gratefully received (By me anyhow )

It's easy. Here you go.

 

 

Don't forget to cancel out the three dipthongs on the right of the third postulate though or you'll end up with a £497m error.

[Albert Tatlock]

Or if you need to explain to the kids how IOM government financing across departments works...here's a couple of handy pics.

 

 

[Chinahand]

Most sovereign wealth funds - ok that is a rather grandiose name for our reserve fund, but the principle is the same - publish their historical holdings a year in arrears.

Link to the Norweigan fund's holdings.

I presume from the lack of clarity over whether it holds the bond or not, that the investments made with the reserves aren't disclosed.

I hope it hasn't got a significant proportion of the infrastructure bonds - moving money from one arm of the IOM government to another isn't exactly a diversifying move.