ebook img

Government Finance Statistics PDF

247 Pages·2012·4.13 MB·English
by  
Save to my drive
Quick download
Download
Most books are stored in the elastic cloud where traffic is expensive. For this reason, we have a limit on daily download.

Preview Government Finance Statistics

INTERNATIONAL MONETARY FUND Government Finance Statistics: Compilation Guide for Developing Countries September 2011 INTERNATIONAL MONETARY FUND Government Finance Statistics: Compilation Guide for Developing Countries ______________ September 2011 Cataloging-in-Publication Data Joint Bank-Fund Library Government finance statistics [electronic resource] : compilation guide for developing countries. – Washington, D.C. : International Monetary Fund, 2011. 1 online resource (245 p.) ―Available in eBook form only.‖ ISBN 978-1-61635-230-1 1. Finance, Public – Developing countries -- Statistics. 2. Finance, Public – Statistics – Handbooks, manuals, etc. I. International Monetary Fund. HJ1620.G68 2011eb Table of Contents iii Preface ................................................................................................................................... viii Chapter 1. Introduction .......................................................................................................... i PART I. MAIN CONCEPTS AND FRAMEWORK ...........................................................................5 Chapter 2. Coverage of the GFS System ...............................................................................5 A. Introduction ...............................................................................................................5 B. Institutional Units and Sectors of the Economy ........................................................5 C. General Government Sector ......................................................................................7 D. Public Sector .............................................................................................................9 E. Decision tree for Sectoring Public Entities .............................................................11 Chapter 3. Flows, Stocks, and Accounting Rules ................................................................15 A. Flows and Stocks ....................................................................................................15 Transactions .....................................................................................................15 Other economic flows ......................................................................................17 Stocks ...............................................................................................................17 B. Accounting Rules ....................................................................................................18 Double entry accounting ..................................................................................18 Time of recording of flows ..............................................................................19 Valuation ..........................................................................................................20 Netting of flows and stocks..............................................................................21 Contingencies ...................................................................................................22 Consolidation ...................................................................................................22 Common sense rules ........................................................................................22 Chapter 4. Overview of the GFS Framework and Classification System ........................24 A. Overall Framework .................................................................................................24 Statement of sources and uses of cash .............................................................24 Statement of government operations ...............................................................26 Statement of other economic flows..................................................................28 Balance sheet ...................................................................................................28 B. Overview of the GFS Classification and Coding System .......................................31 C. Main Differences Between the GFSM 1986 and the GFSM 2001 Classification Systems ....................................................................................................................34 Chapter 5. Classification of Revenue, Expense, Assets and Liabilities, and Other Economic Flows ..................................................................................................36 A. Revenue ...................................................................................................................36 Taxes ................................................................................................................38 Social contributions .........................................................................................40 Grants ...............................................................................................................41 Other revenue ...................................................................................................41 B. Economic Classification of Expense .......................................................................43 Compensation of employees ............................................................................43 Table of Contents iv Use of goods and services ................................................................................45 Consumption of fixed capital ...........................................................................46 Interest..............................................................................................................46 Subsidies ..........................................................................................................47 Grants ...............................................................................................................47 Social benefits ..................................................................................................47 Other expense...................................................................................................48 C. Functional Classification of Expense ......................................................................49 D. Assets and Liabilities ..............................................................................................51 Nonfinancial assets ..........................................................................................51 Financial assets and liabilities ..........................................................................59 E. Other economic flows..............................................................................................67 Annex 5.1 List of Typical Names for Revenue and Expense Categories Used by Countries ....................................................................................................69 PART II. DATA COMPILATION ................................................................................................75 Chapter 6. Institutional Structure of Government .............................................................77 A. List of Entities and Units of the General Government (Public) Sector ..................77 B. Typical Institutional Table ......................................................................................79 Annex 6.1 List of Entities and Institutional Units of the General Government and Public Sectors.............................................................................................83 Chapter 7. Data Sources ........................................................................................................87 A. Accounting Records, Budget Execution Reports, and Financial Statements .........87 B. Adjustments to Source Data ....................................................................................90 Chapter 8. From Source Data to Government Finance Statistics .....................................92 A. Derivation Tables ....................................................................................................93 B. Bridge Tables ..........................................................................................................99 C. Classification Assistant .........................................................................................103 D. Summary Statements and Detail Tables ...............................................................106 Annex 8.1 Detail Tables for Revenue, Expense, Assets, and Liabilities, and Other Economic Flows.......................................................................................109 Chapter 9. Consolidation ....................................................................................................117 A. Purpose of Consolidation ......................................................................................117 B. Key Items to Focus on Consolidation ...................................................................118 C. Rules of Thumb for Consolidation ........................................................................120 D. Differences in the GFSM 1986 and GFSM 2001 Consolidation Presentations ....121 E. Consolidation of Nonfinancial Public Corporations .............................................122 PART III. OTHER ISSUES .......................................................................................................124 Chapter 10. Recording of Typical Cash Transactions .....................................................125 A. Revenue .................................................................................................................125 Taxes ..............................................................................................................125 Table of Contents v Social contributions .......................................................................................127 Grants .............................................................................................................128 Other revenue .................................................................................................128 B. Expense .................................................................................................................130 Compensation of employees ..........................................................................130 Use of goods and services ..............................................................................131 Interest............................................................................................................132 Subsidies ........................................................................................................132 Grants .............................................................................................................133 Social benefits ................................................................................................133 Other expense.................................................................................................134 C. Nonfinancial Assets...............................................................................................135 D. Financial Assets and Liabilities ............................................................................136 E. Accrual Recording of Transactions .......................................................................138 Chapter 11. Recording of Complex Transactions .............................................................141 A. Monetary Transactions ..........................................................................................141 Revenues from natural resources ...................................................................141 Transactions with the IMF .............................................................................145 Social protection ............................................................................................150 Interest............................................................................................................165 B. Nonmonetary Transactions and Other Economic Flows.......................................167 In-kind transactions ........................................................................................168 Debt operations ..............................................................................................169 Arrears............................................................................................................176 Other economic flows ....................................................................................178 Chapter 12. Data Dissemination .........................................................................................181 A. Data Dissemination Standards ..............................................................................181 B. Other Aspects of Data Dissemination ...................................................................183 Metadata .........................................................................................................183 Advance release calendar ...............................................................................184 Dissemination formats ...................................................................................184 C. Data Reporting to the IMF ....................................................................................184 Chapter 13. Adoption of the GFSM 2001 Methodology ...................................................186 A. Introduction ...........................................................................................................186 B. Stage 1: Introducing the GFSM 2001 Format to Existing Data ............................188 C. Stage 2: Expanding the Institutional and Transactional Coverage of GFS ...........189 D. Stage 3: Expanding the Coverage of GFS to Selected Noncash Items .................191 E. Stage 4: Expanding the Coverage of GFS to Cover All Flows and Stocks ...........191 F. Conclusion .............................................................................................................194 Table of Contents vi Tables 1. Statement of Sources and Uses of Cash ...............................................................................27 2. Statement of Government Operation ...................................................................................27 3. Statement of Other Economic Flows ...................................................................................28 4. Balance Sheet .......................................................................................................................30 5. Main Classification Differences between the GFSM 1986 and the GFSM 2001 ................35 6. Classification of Revenue ....................................................................................................37 7. Economic Classification of Expense ...................................................................................44 8. Classification of Expense by Function of Government .......................................................50 9A. Classification of Flows and Stocks for Nonfinancial Assets ............................................53 9B. Classification of Flows and Stocks for Financial Assets and Liabilities ..........................61 10. Institutional Table for Country Z .......................................................................................81 11. Government Budget Outturn, Fiscal Year 2009 ................................................................93 12. Country Z Derivation Tables between National Aggregates and Main GFSM 2001 Aggregates for Central Government ..................................................................................96 13. Country Z Bridge Tables between National Chart of Accounts and GFSM 2001 Classifications ..................................................................................................................100 14. Classification Assistant ....................................................................................................105 15. Country Z Statement of Sources and Uses of Cash .........................................................107 16. Illustration of Unconsolidated Versus Consolidated Data ...............................................118 17. Illustration of GFSM 1986 versus GFSM 2001 Consolidation Presentations .................121 18. Recording of Cash Transactions in Overall Framework..................................................137 19. Recording of Social Protection Flows .............................................................................160 20. Recording of Regular Debt Operations in Overall Framework .......................................171 A1.1 Classification of Revenue .............................................................................................196 A1.2 Economic Classification of Expense.............................................................................197 A1.3 Classifications of Flows and Stocks in Assets and Liabilities ......................................198 A1.4 Classification of Outlays by Functions of Government ................................................201 A1.5 Classification of Transactions in Financial Assets and Liabilities by Sector ...............203 A2.1 National Social Security Fund – Bridge Table from Accounting Income Statement to GFSM 2001 Classifications .....................................................................209 A2.2 National Social Security Fund – Bridge Table from Accounting Balance Sheet to GFSM 2001 Classifications ..........................................................................................211 A2.3 National Social Security Fund – Bridge Table from Accounting Cash Flow Statement to GFSM 2001 Classifications .....................................................................212 A2.4A National Social Security Fund – Derivation Tables for GFSM 2001 Main Aggregates .................................................................................................................214 A2.4B National Social Security Fund – Derivation Tables for GFSM 2001 Main Cash Aggregates .................................................................................................................216 A2.5 National Social Security Fund – GFSM 2001 Statement of Government Operations ..217 A2.6 National Social Security Fund – GFSM 2001 Statement of Sources and Uses of Cash...............................................................................................................................218 Table of Contents vii A2.7 National Social Security Fund – GFSM 2001 Balance Sheet .......................................219 A2.8 National Social Security Fund – GFSM 2001 Overall Framework ..............................220 A2.9 Shipping Corporation – Bridge Table from Accounting Income Statement to GFSM 2001 Classifications ..........................................................................................221 A2.10 Shipping Corporation – Bridge Table from Accounting Balance Sheet to GFSM 2001 Classifications .........................................................................................223 A2.11 Shipping Corporation – Bridge Table from Accounting Cash Flow Statement to GFSM 2001 Classifications .........................................................................................226 A2.12A Shipping Corporation – Derivation Tables for GFSM 2001 Main Aggregates .......228 A2.12B Shipping Corporation – Derivation Tables for GFSM 2001 Main Cash Aggregates ................................................................................................................230 A2.13 Shipping Corporation – GFSM 2001 Revenue and Expense ......................................231 A2.14 Shipping Corporation – GFSM 2001 Statement of Sources and Uses of Cash ..........232 A2.15 Shipping Corporation – GFSM 2001 Integrated Statement of Stocks and Flows ......233 Figures 1. General Government Sector and its Subsectors .....................................................................8 2A. The Public Sector and the 2008 SNA Institutional Sectors of the Total Economy ...........10 2B. The Public Sector and its Subsectors ................................................................................11 3. Decision Tree for Sectoring Public Entities .........................................................................12 4. Compensation of Employees – Rerouting of Social Contributions .....................................16 5. Debits and Credits ................................................................................................................18 6. Market Value, Nominal Value, and Face Value ..................................................................21 7. The GFSM 2001 Overall Framework ..................................................................................25 8. The GFS Coding System for Flows and Stocks...................................................................32 9. Steps in GFSM 2001 Data Compilation Process .................................................................76 10A. General Government Sector and its Subsectors ..............................................................77 10B. Public Sector ...................................................................................................................78 11. Debits and Credits ............................................................................................................124 12: Relationship between Social Protection and Insurance ...................................................152 13. Social Protection Typology..............................................................................................154 14. Dissemination Guidance for Fiscal Statistics ..................................................................183 15. Building Government Finance Statistics Step by Step ....................................................187 Boxes 1. Test your Knowledge of Fiscal Statistics...............................................................................2 Appendixes 1. Classification Categories and Codes for all Flows and Stocks .........................................195 2. Compilation of GFS from Financial Statements ...............................................................204 Epilogue ................................................................................................................................234

See more

The list of books you might like

Most books are stored in the elastic cloud where traffic is expensive. For this reason, we have a limit on daily download.