## GFS Notice of Decision 1.6 Financial and Operating Leases

## Source details

**Canonical URL:** [GFS Notice of Decision 1.6 Financial and Operating Leases](https://www.imf.org/-/media/files/data/statistics/gfsm/global-consultations/research-projects/notice-of-decision-gfsm-2014-update-16-financial-and-operating-leases.pdf)

## Other formats

- [Markdown version](/-/media/files/data/statistics/gfsm/global-consultations/research-projects/notice-of-decision-gfsm-2014-update-16-financial-and-operating-leases.pdf.md)
- [Structured JSON version](/-/media/files/data/statistics/gfsm/global-consultations/research-projects/notice-of-decision-gfsm-2014-update-16-financial-and-operating-leases.pdf.json)

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### Key decision
- No conceptual changes will be made with regard to the approach to distinguishing between financial and operating leases.
- The concepts described in the GFSM 2014 (paras. A4.4–A4.15) remain unchanged.

### Implementation and guidance
- Practical guidance will be developed on the differences between the statistical and accounting lease concepts and on how to use accounting data sources to distinguish between, and value, operating and financial leases in accordance with the GFSM.
- The practical guidance will be developed under GFSM research project 2.27 Relationship between GFS and IPSAS.
- The final language used in the updated GFSM will be subject to review during the manual drafting phase to ensure consistency throughout the updated GFSM.

### Consultations and meetings
- GFS Global Consultations: March 2025
- Discussions at GFSAC Meeting(s): May 2025
- SNA/BPM related guidance: Guidance/Issue Note BPM GN C.5
- BPM Consultations: August 2021; October 2020
- Discussions at the AEG/BOPCOM Meeting(s): BOPCOM: October 2020

### Notes and abbreviations
- AEG = Advisory Expert Group on National Accounts
- BOPCOM = Balance of Payments Committee

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_Source: https://www.imf.org/-/media/files/data/statistics/gfsm/global-consultations/research-projects/notice-of-decision-gfsm-2014-update-16-financial-and-operating-leases.pdf_