TARGET GROUP | Officials whose main responsibility is compiling public finance statistics. Participants should have a degree in economics or statistics or equivalent experience.
DESCRIPTION | This two-week course, presented by the IMF’s Statistics Department, focuses on both the conceptual framework of government finance statistics (GFS) as presented in the IMF’s Government Finance Statistics Manual 2014 (GFSM 2014, the update of the 2001 edition), and on practical aspects of data compilation. Basic concepts, accounting principles, and detailed classifications are dealt with in the context of the new methodology, which is harmonized with the system of national accounts. The course examines GFS coverage and accounting rules (including accrual accounting), valuation, classification, debt, balance sheets, and the sources and methods used for compiling the statistics. It also deals with reporting data to the IMF. Central to the course is a series of case studies.
OBJECTIVES | Upon completion of the course, participants should be able to:
• Explain the basic concepts, definitions, and accounting principles in the integrated GFS framework
• Classify basic government flows and stock positions according to GFSM 2014
• Apply the general principles to classify an entity in the public sector and in relevant subsectors, such as the general government and public corporations