## 1. Priority Recommendations

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**Canonical URL:** [1. Priority Recommendations](https://www.imf.org/-/media/files/publications/cr/2019/1mdgea2019004.pdf)

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---

### Summary of mission outcomes and purpose
- Mission: technical assistance (TA) on government finance statistics (GFS) from the IMF Statistics Department; visited Antananarivo from March 4 to 15, 2019.
- Objective: support Madagascar authorities to adopt GFSM 2014 concepts, definitions, and methodology as part of EDDI 2 and Madagascar’s Programme Stratégique de Modernisation des Finances Publiques (PSMFP).
- Mission continuity: follow-up to TA missions in January and December 2016, and March 2018.
- Rationale for reliable, regularly disseminated GFS:
  - Improve macroeconomic analysis and monitoring of government finances.
  - Specify calculation of indicators (e.g., debt ratio) across government levels.
  - Improve international data comparisons.
  - Increase transparency to support democratic process and market confidence.

### Key progress and institutional developments
- Procedures to adapt the Table of Comprehensive Treasury Operations (OGT) to GFSM 2014 classifications are well underway.
- Annual GFS reporting to the IMF Statistics Department resumed in 2016; technical dialogue initiated between MFB Research Directorate (DE) and IMF Statistics Department.
- A statutory document governing DE statistics activities has been prepared; adoption process ongoing.
- Bridge table between chart of accounts and GFSM 2014 classifications: steady progress.
- Scope expansion to extrabudgetary units (EPA, EPIC), CNaPS, and decentralized subnational governments (CTD) is conceivable; collection of consolidated balances/statements has begun.
- Monthly or quarterly GFS reporting is planned for the near future.
- Improvements made in presentation of Other Net Treasury Operations (AONT); detailed components identified and can be presented on a gross basis.
- Director General of the Treasury announced informing Minister of Finance and Budget of intent to adopt an OGT version compliant with GFSM 2014 at end-2019 pursuant to the performance contract.

### Strategic outlook and main mission recommendations
- Prospect of compiling consolidated GFS covering all subsectors of Malagasy general government is encouraging.
- Mission recommends:
  - Continue adapting the monthly OGT to GFSM 2014 specificities.
  - Restart/adopt the statutory document governing DE activities.
  - Continue expanding the scope of annual GFS to EPA, CTD, and CNaPS.
  - Compile GFS for budgetary and extrabudgetary government, social security, and local government for 2017 and 2018 to the extent possible for the next mission.
  - Identify intergovernmental transfers and consolidate subsectors to establish consolidated general government GFS.
  - If tasks cannot be completed, collect as much source data as possible to lay groundwork for the next mission.
- Items generally requiring consolidation and identification by subsector/entity:
  - Interest;
  - Capital transfers and grants;
  - Taxes (except social contribution transfers);
  - Other transfers that could be important on a case-by-case basis.

### Priority recommendations (milestones)
- September 2019: Improve EPA and CTD accounting sources. — Responsible: DGT/DCP
- December 2019: Establish GFS for the extrabudgetary central government, social security, and local government subsectors. — Responsible: DGT/DE/CNaPS
- March 2020: Aggregate and consolidate the various general government subsectors after having identified the main intergovernmental transfers. — Responsible: DGT/DE

### Mission data-production practices and transition requirement
- DE currently produces:
  - OGT: monthly framework measuring budgetary central government financial operations, structured on GFSM 1986 analytical framework.
  - Annual GFS in GFSM 2014 format: limited to budgetary central government operations at present.
- Transition requirement: replace current OGT format with GFSM 2014 Statement of Government Operations (SGO) or a tailored SGO variant.
- Proposed next mission timing: final mission under DFID project toward end of IMF fiscal year: April 2020.

### Detailed Technical Assessment — Regulatory framework (outcomes, indicators, target dates)
- High priority: Submit decree on GFS compilation and dissemination to authorities.
  - Indicator: The decree has been adopted.
  - Target Completion Date: June 30, 2018
  - Implementation status note: The DE is given greater responsibilities in the DGT organizational chart.
- Medium priority: DE and MEP-INSTAT to sign memorandum of understanding.
  - Indicator: Memorandum has been signed.
  - Target Completion Date: December 31, 2018
  - Note: INSTAT and DE are now part of same parent ministry.
- Medium priority: Prepare and have DE and source data suppliers sign memoranda.
  - Indicator: Awaiting adoption of GFS decree.
  - Target Completion Date: December 31, 2019

### Detailed Technical Assessment — Align source data classifications with GFSM 2014
- High priority: Prepare a bridge table between chart of accounts and GFSM 2014 classifications.
  - Special attention: Class 4 accounts and, to a lesser degree, Class 5 accounts.
  - Indicator: The bridge table has been prepared.
  - Target Completion Date: December 31, 2018

### Detailed Technical Assessment — Prepare data for current scope of OGT (budgetary central government)
- Medium priority: Prepare templates/report forms for source data suppliers.
  - Indicator: Awaiting adoption of GFS decree; outlines/report forms produced.
  - Target Completion Date: December 31, 2018
- High priority: Prepare the Statement of Sources and Uses of Cash (SFT).
  - Indicator: The SFT has been produced.
  - Target Completion Date: December 31, 2019
- High priority: Submit the report form to IMF Statistics Department.
  - Indicator: The completed GFS questionnaire has been submitted.
  - Target Completion Date: June 30, 2018
  - Note: Annual GFS have been reported; subannual questionnaire completion has begun on an experimental basis.

### Detailed Technical Assessment — Identify and expand institutional coverage
- Medium priority: Survey and classify public institutions.
  - Indicator: List of government entities by subsector has been prepared.
  - Target Completion Date: March 31, 2018
  - Note: Classification will be refined using market/nonmarket criteria as sources become available.
- High priority: Expand GFS coverage (GFSM 2014 base) to detailed operations of central government (nonmarket EPIC and EPA) where source data available.
  - Indicator: OGT and GFS applied to an expanded field depending on adequacy of source data.
  - Target Completion Date: December 31, 2019
  - Implementation note: EPA consolidated balance was collected and a bridge table created, but presentation issues with balances currently prevent use.
- High priority: Expand GFS coverage to CTD detailed operations.
  - Indicator: CTD consolidated balance collected and bridge table created; presentation issues prevent use.
  - Target Completion Date: December 31, 2019
- High priority: Expand GFS coverage to CNaPS.
  - Indicator: Sources are available and the GFS for the CNaPS have been produced (subject to obtaining accounting sources that can be processed).
  - Target Completion Date: December 31, 2019
  - Note: CNaPS staff confirmed availability of annual accounting information and designated contacts.

### Other required outputs
- High priority: Prepare financial balance sheets of government (budgetary central government).
  - Indicator: A draft balance sheet has been prepared.
  - Target Completion Date: December 31, 2019

### National Social Security Fund (CNaPS)
- Mission findings:
  - CNaPS accounting and IT staff stated readiness to provide annual accounting documentation and designated contact points for DE.
- Recommendation:
  - Gather CNaPS accounting and financial statements and initiate data processing using the draft bridge table created during the mission once reviewed and validated by DE, even provisionally.

### Extrabudgetary Entities (EPAs) and Decentralized Subnational Governments (CTDs) — data issues and recommendation
- Data sources: consolidated accounting balances for EPA and CTD subsectors.
- Mission action: developed bridge tables between consolidated balance items and GFSM 2014 categories and applied them to 2017 data to create an Excel processing procedure.
- Key problem encountered:
  - Accounting data are not recorded in accordance with balance architecture: no hierarchical distinction; each account (including root totals and subtotals) is a divisional account.
  - Consequences:
    - Only the most basic accounts can be classified accurately.
    - Root accounts are unclear and cannot be classified properly unless all components are assigned the same GFS category.
    - Correspondence table remains provisional and will be modified once presentation anomalies are resolved.
  - Additional issue: balances are not balanced.
- Recommendation:
  - Closely monitor modifications to government accounting and balance presentation for EPA and CTD to enable establishment of GFS for these subsectors once anomalies are resolved.

### Other Net Treasury Operations (AONT)
- Mission reviewed DE work to develop AONTs based on detailed components.
- Transactions that affect net worth or are transactions in nonfinancial assets must be treated on a gross basis for reporting GFS to the IMF Statistics Department.
- AONT operations are presented on a net basis in the OGT, limiting analytical value by concealing large gross revenue, expenditure, and financing amounts.
- The DE split AONTs according to their economic components and presented them in two Excel files submitted to the DE.
- Classification of AONT components into revenue, expenditure, and financing integrated into the OGT and classified by GFSM 2014 categories are presented in the OGT sheet of the GFS compilation file attached to the report.
- Recommendation: Present AONT components on a gross basis in GFS reporting and reconcile with OGT net amounts.

### Balance sheet — status and recommendation
- Status: No progress since previous mission on collecting information on government assets for balance sheet preparation.
- Observation: Accounting balances could contain information on the stock of financial assets and liabilities to develop a financial balance sheet.
- Recommendation:
  - Collect source data on various elements of the government’s balance sheet.

### Scope of general government and entity counts
- Central government composition includes:
  - Autonomous government agencies: EPA (120) and EPIC (56)
  - Professional public institutions: 25
  - One cultural public institution
- Social security: CNaPS (sole social security subsector entity)
- Decentralized subnational governments: 22 regions and around 1,695 municipalities
- Consolidated central government = budgetary central government + autonomous government agencies
- Consolidated set of general government entities includes: budgetary central government, autonomous agencies, CNaPS, and decentralized subnational governments

### Appendix II — mission-produced Excel files (integral to report)
- Bridge table for EPA and CTD: classification mapping for TA mission.
- Bridge table for the CNaPS: classification mapping for TA mission.
- Data compilation files (GFS for 2017) based on consolidated balances for EPA, CTD, and CNaPS.
- AONT classification file with detailed headings and reconciliation with the OGT net amount for 2017.
- Bridge table for GFS for 2017 with notes on the OGT sheets and Table 8_A; includes detailed classification and presentation of AONTs in the OGT table.

### Next mission
- Plan: Another—and likely final—mission under the DFID project to consolidate statistics for the various subsectors compiled in the interim.
- Suggested timing: as late as possible to give DE time to compile subsector GFS and identify main intergovernmental transfers — towards end of IMF fiscal year (April 2020).

*Source: IMF Statistics Department mission report — “1. Priority Recommendations” (March 4–15, 2019) — Republic of Madagascar.*

### 1. Priority Recommendations _______________________________________________________________________6

### 1. Priority Recommendations

### Summary of mission outcomes and purpose
- Mission: technical assistance (TA) on government finance statistics (GFS) from the IMF Statistics Department; visited Antananarivo from March 4 to 15, 2019.
- Objective: support Madagascar authorities to adopt GFSM 2014 concepts, definitions, and methodology as part of EDDI 2 and Madagascar’s Programme Stratégique de Modernisation des Finances Publiques (PSMFP).
- Mission continuity: follow-up to TA missions in January and December 2016, and March 2018.
- Rationale for reliable, regularly disseminated GFS:
  - Improve macroeconomic analysis and monitoring of government finances.
  - Specify calculation of indicators (e.g., debt ratio) across government levels.
  - Improve international data comparisons.
  - Increase transparency to support democratic process and market confidence.

### Key progress and institutional developments
- Procedures to adapt the Table of Comprehensive Treasury Operations (OGT) to GFSM 2014 classifications are well underway.
- Annual GFS reporting to the IMF Statistics Department resumed in 2016; technical dialogue initiated between MFB Research Directorate (DE) and IMF Statistics Department.
- A statutory document governing DE statistics activities has been prepared; adoption process ongoing.
- Bridge table between chart of accounts and GFSM 2014 classifications: steady progress.
- Scope expansion to extrabudgetary units (EPA, EPIC), CNaPS, and decentralized subnational governments (CTD) is conceivable; collection of consolidated balances/statements has begun.
- Monthly or quarterly GFS reporting is planned for the near future.
- Improvements made in presentation of Other Net Treasury Operations (AONT); detailed components identified and can be presented on a gross basis.
- Director General of the Treasury announced informing Minister of Finance and Budget of intent to adopt an OGT version compliant with GFSM 2014 at end-2019 pursuant to the performance contract.

### Strategic outlook
- Prospect of compiling consolidated GFS covering all subsectors of Malagasy general government is encouraging.
- Mission recommends continuing adaptation of monthly OGT to GFSM 2014 and expanding GFS scope to CNaPS, EPA, and CTD, subject to resolving EPA and CTD accounting issues.
- Reiterates need to continue adoption of statutory document governing DE activities.

### Priority recommendations (table summary)
- September 2019: Improve EPA and CTD accounting sources. — Responsible: DGT/DCP
- December 2019: Establish GFS for the extrabudgetary central government, social security, and local government subsectors. — Responsible: DGT/DE/CNaPS
- March 2020: Aggregate and consolidate the various general government subsectors after having identified the main intergovernmental transfers. — Responsible: DGT/DE

### Implementation note
- Further details and milestones are in the action plan under “Detailed Technical Assessment and Recommendations.”

### Mission data-production practices
- DE currently produces:
  - OGT: monthly framework measuring budgetary central government financial operations, structured on GFSM 1986 analytical framework.
  - Annual GFS in GFSM 2014 format: limited to budgetary central government operations at present.
- Transition requirement: replace current OGT format with GFSM 2014 Statement of Government Operations (SGO) or a tailored SGO variant.

### Next mission timing
- Proposed final mission under DFID project toward end of IMF fiscal year: April 2020.

---

### Detailed Technical Assessment and Recommendations — Outcomes and Priority Actions

Outcome: Regulatory framework
- High priority: Submit decree on GFS compilation and dissemination to authorities.
  - Risk/Assumption/Indicator: The decree has been adopted.
  - Target Completion Date: June 30, 2018
  - Implementation status note: The DE is given greater responsibilities in the DGT organizational chart.
- Medium priority: DE and MEP-INSTAT to sign memorandum of understanding.
  - Indicator: Memorandum has been signed.
  - Target Completion Date: December 31, 2018
  - Note: INSTAT and DE are now part of same parent ministry.
- Medium priority: Prepare and have DE and source data suppliers sign memoranda.
  - Indicator: Awaiting adoption of GFS decree.
  - Target Completion Date: December 31, 2019

Outcome: Align source data classifications with GFSM 2014
- High priority: Prepare a bridge table between chart of accounts and GFSM 2014 classifications.
  - Special attention: Class 4 accounts and, to a lesser degree, Class 5 accounts.
  - Indicator: The bridge table has been prepared.
  - Target Completion Date: December 31, 2018

Outcome: Prepare data for current scope of OGT (budgetary central government)
- Medium priority: Prepare templates/report forms for source data suppliers.
  - Indicator: Awaiting adoption of GFS decree; outlines/report forms produced.
  - Target Completion Date: December 31, 2018
- High priority: Prepare the Statement of Sources and Uses of Cash (SFT).
  - Indicator: The SFT has been produced.
  - Target Completion Date: December 31, 2019
- High priority: Submit the report form to IMF Statistics Department.
  - Indicator: The completed GFS questionnaire has been submitted.
  - Target Completion Date: June 30, 2018
  - Note: Annual GFS have been reported; subannual questionnaire completion has begun on an experimental basis.

Outcome: Identify and expand institutional coverage
- Medium priority: Survey and classify public institutions.
  - Indicator: List of government entities by subsector has been prepared.
  - Target Completion Date: March 31, 2018
  - Note: Classification will be refined using market/nonmarket criteria as sources become available.
- High priority: Expand GFS coverage (GFSM 2014 base) to detailed operations of central government (nonmarket EPIC and EPA) where source data available.
  - Indicator: OGT and GFS applied to an expanded field depending on adequacy of source data.
  - Target Completion Date: December 31, 2019
  - Implementation note: EPA consolidated balance was collected and a bridge table created, but presentation issues with balances currently prevent use.
- High priority: Expand GFS coverage to CTD detailed operations.
  - Indicator: CTD consolidated balance collected and bridge table created; presentation issues prevent use.
  - Target Completion Date: December 31, 2019
- High priority: Expand GFS coverage to CNaPS.
  - Indicator: Sources are available and the GFS for the CNaPS have been produced (subject to obtaining accounting sources that can be processed).
  - Target Completion Date: December 31, 2019
  - Note: CNaPS staff confirmed availability of annual accounting information and designated contacts.

Other aspects
- High priority: Prepare financial balance sheets of government (budgetary central government).
  - Indicator: A draft balance sheet has been prepared.
  - Target Completion Date: December 31, 2019

---

### National Social Security Fund (CNaPS)
- Mission findings:
  - CNaPS accounting and IT staff stated readiness to provide annual accounting documentation and designated contact points for DE.
- Recommendation:
  - Gather CNaPS accounting and financial statements and initiate data processing using the draft bridge table created during the mission once reviewed and validated by DE, even provisionally.

---

### Extrabudgetary Entities (EPAs) and Decentralized Subnational Governments (CTDs)
- Data sources: consolidated accounting balances for EPA and CTD subsectors.
- Mission action: developed bridge tables between consolidated balance items and GFSM 2014 categories and applied them to 2017 data to create an Excel processing procedure.
- Key problem encountered:
  - Accounting data are not recorded in accordance with balance architecture: no hierarchical distinction; each account (including root totals and subtotals) is a divisional account.
  - Consequences:
    - Only the most basic accounts can be classified accurately.
    - Root accounts are unclear and cannot be classified properly unless all components are assigned the same GFS category.
    - Correspondence table remains provisional and will be modified once presentation anomalies are resolved.
  - Additional issue: balances are not balanced.
- Recommendation:
  - Closely monitor modifications to government accounting and balance presentation for EPA and CTD to enable establishment of GFS for these subsectors once anomalies are resolved.

---

### Other Net Treasury Operations (AONT)
- Mission reviewed DE work to develop AONTs based on detailed components.
- Appendix 1 of the report contains details and an explanatory note on AONTs.
- Classification of AONT components into revenue, expenditure, and financing integrated into the OGT and classified by GFSM 2014 categories are presented in the OGT sheet of the GFS compilation file attached to the report.

---

### Prospects and Other Recommendations
- Encouraging prospects for adopting key international GFS standards include:
  - Producing monthly statistics covering the budgetary central government.
  - Producing annual statistics covering consolidated operations of various subsectors of general government.
- Mission recommendations (explicit list):
  - Continue adapting the monthly OGT to GFSM 2014 specificities.
  - Restart the process for the statutory document governing DE activities.
  - Continue expanding the scope of annual GFS to EPA, CTD, and CNaPS.
  - To the extent possible, compile GFS for budgetary and extrabudgetary government, social security, and local government for 2017 and 2018 for the next mission.
  - Identify intergovernmental transfers.
  - Consolidate subsectors and establish GFS for the consolidated general government.
  - If tasks cannot be completed, collect as much source data as possible to lay groundwork for the next mission.
- Items generally requiring consolidation and identification by subsector/entity:
  - Interest;
  - Capital transfers and grants;
  - Taxes (except social contribution transfers);
  - Other transfers that could be important on a case-by-case basis.

---

### Balance Sheet
- Status: No progress since previous mission on collecting information on government assets for balance sheet preparation.
- Observation: Accounting balances could contain information on the stock of financial assets and liabilities to develop a financial balance sheet.
- Recommendation:
  - Collect source data on various elements of the government’s balance sheet.

---

### Next mission
- Plan: Another—and likely final—mission under the DFID project to consolidate statistics for the various subsectors compiled in the interim.
- Suggested timing: as late as possible to give DE time to compile subsector GFS and identify main intergovernmental transfers — towards end of IMF fiscal year (April 2020).

*Source: IMF Statistics Department mission report — “1. Priority Recommendations” (March 4–15, 2019) — Republic of Madagascar.*

### Appendix I. Treatment of Other Net Treasury Operations

### Appendix I. Treatment of Other Net Treasury Operations

### Scope of General Government
- Composition:
  - Central government (budgetary central government and autonomous government agencies)
  - Social security fund: CNaPS (sole social security subsector entity)
  - Decentralized subnational governments: 22 regions and around 1,695 municipalities
- Central government details:
  - Autonomous government agencies: EPA (120) and EPIC (56)
  - Professional public institutions: 25
  - One cultural public institution
- Social insurance funds attached to the budgetary central government as Treasury special accounts (not part of the social security subsector):
  - Malagasy Pension Fund (Caisse Malagasy de Retraite – CMR)
  - Civilian and Military Pension Fund (Caisse de Retraite Civile et Militaire – CRCM)
- Consolidated central government = budgetary central government + autonomous government agencies
- Consolidated set of general government entities includes: budgetary central government, autonomous agencies, CNaPS, and decentralized subnational governments

### OGT Field and Recording of AONTs
- OGT (table presented by Madagascar) covers budgetary central government "Treasury operations":
  - The budgetary central government’s general budget operations in revenue and expenditure
  - AONTs comprising:
    - Treasury special accounts (Advances, loans, and shareholdings)
    - Trading accounts: CMR and CRCM operations; Other trading accounts
    - Correspondent operations: annex budgets; other correspondents; VAT refunds
    - Operations to be classified and regularized
- Key procedural points:
  - AONT operations are presented on a net basis in the OGT, limiting analytical value by concealing large gross revenue, expenditure, and financing amounts
  - The DE split AONTs according to their economic components and presented them in two Excel files submitted to the DE (see Appendix II)
  - Transactions that affect net worth or are transactions in nonfinancial assets must be treated on a gross basis for reporting GFS to the IMF Statistics Department
- Definitions / notes:
  - Treasury special accounts: accounts on the books of the Treasury used to track expenditures and revenues outside the budgetary central government’s general budget; include “investment accounts financed with external resources” and special-purpose accounts
  - VAT refunds must be recorded as negative revenue
  - Operations to be classified and regularized must be recorded differently depending on their nature; a distinction between various types must be made

### Treatment of Specific Entities and Operations
- National Printing Office and Postal and Telecommunications Office:
  - Treatment depends on position within the general government sector; if included in general government, record revenue and expenditure on a gross basis; if excluded (e.g., market nature), their balance may be treated on a net basis
- Public Institutions:
  - EPA and EPIC currently fall within the purview of general government pending analysis of market nature; their operations must be treated on a gross basis
  - To present these as “extrabudgetary” operations, they must appear in gross revenue, expenditure, and financing in a separate “extrabudgetary” column of the GFS questionnaire
- Decentralized Subnational Governments:
  - Treatment same as for public institutions (gross basis if within general government)
- Operations with Third Parties:
  - Third parties required to deposit cash holdings in the Treasury are deposit accounts payable (Treasury commitments) and can be recorded on a net basis

### Types of Other Net Treasury Operations (summary table transcribed)
- I. TREASURY SPECIAL ACCOUNTS — Main Operation Treatment*
  - Advances — Loans less collections — Net
  - Loans — Revenue, expenditure, and financing — Gross
  - Shareholdings — Revenue, expenditure, and financing — Gross
- Trading accounts
  - CMR — Revenue, expenditure, and financing — Gross
  - CRCM — Revenue, expenditure, and financing — Gross
  - Other — Revenue, expenditure, and financing — Gross
- II. CORRESPONDENTS
  - Annex budgets (National Printing Office; Postal and Telecommunications Office) — Revenue, expenditure, and financing — Gross
  - Public institutions (EPA; EPIC) — Revenue, expenditure, and financing — Gross
  - Decentralized subnational governments — Revenue, expenditure, and financing — Gross
  - Third parties — Deposits with the Treasury — Net
- VAT refunds — Gross
- Operations to be classified and regularized — treatment per note in text

### Appendix II — Excel Files Prepared by the Mission (integral part of the report)
- Bridge table for EPA and CTD: “Madagascar: TA Report on the Government Finance Statistics Mission (March 4-15, 2019) Appendix II-EPA and CDT Classification Mapping”
- Bridge table for the CNaPS: “Madagascar: TA Report on the Government Finance Statistics Mission (March 4-15, 2019) Appendix II-CNAPS Classification Mapping”
- Data compilation files (GFS for 2017) based on consolidated balances:
  - EPA: “Appendix II-EPA GFS for 2017”
  - CTD: “Appendix II-CDT GFS for 2017”
  - CNaPS: “Appendix II-CNAPS GFS for 2017”
- AONT classification file with detailed headings and reconciliation with the OGT net amount for 2017: “Appendix II-AONT Classification 2017”
- Bridge table for GFS for 2017 (same file as provided by the DE) with notes on the OGT sheets and Table 8_A; includes detailed classification and presentation of AONTs in the OGT table: “Appendix II-BCG GFS for 2017”

### Appendix III — Selected Strategic Plan to Modernize Government Finances (excerpts)
- Specific Objective 7: Improve budgetary and general accounts, reporting, and statistics
- Program outputs and implementation status (selected entries):
  - 7.16.2.5 Build accounting staff capacity on the accrual method of accounting — Continued in 2018: Not started
  - 7.17.1.1 Establish a procedure for regularly reporting core information to the DE — Continued in 2018: Yes; Outputs: Data outlines established / Data outlines created — Target 2018: BALANCE SHEET AT 9/25/2018; BALANCE SHEET AT 11/20/2018; Implementation Rate 2018: 50% — Observation: It will not be used until the decree on GFS production and dissemination is issued.
  - 7.17.1.2 Define the institutional scope of the public sector by subsector — Continued in 2018: Yes — Definition of public-sector institutional scope: list of 206 EPNs; later: list of 221 EPNs, 54 corporations in which the government holds a stake, and CTDs (1,695 communes and 22 regions) — Implementation Rate 2018: 100%
  - 7.17.2.2 Establish a bridge table between the chart of accounts and the GFSM 2014 nomenclature — Continued in 2018: Yes — Accounting/budgetary and GFSM nomenclature bridge table completed — Implementation Rate 2018: 75%
  - 7.17.2.3 Establish OGT table based on GFSM 2014 — Continued in 2018: Yes — OGT April, May, and June 2018 based on GFSM 2014 — Implementation Rate 2018: 55% — Observation: OGT January 2019 planned under GFSM 2014
  - 7.17.3.1 Create a list of institutional units for which core information exists and compile sources — Continued in 2018: Yes — Identification of institutional units underway — Implementation Rate 2018: 80%
  - 7.17.3.2 Expand OGT table coverage (GFSM 2014 base) to detailed operations of entire central government (EPNs and CNaPS) — Continued in 2018: Yes — EPN OGT and CNaPS OGT established; Effective collection of EPN balances, particularly EPA
  - 7.17.3.3 Expand OGT coverage to CTD detailed operations — Continued in 2018: Yes — CTD OGT established; Development of OGT template for CTD operations underway — Implementation Rate 2018: 25%
  - 7.17.4.3 Record debt service repayment based on the due date and payment of interest — Continued in 2018: Yes — Recognition of debt service based on effective due date; DDP responsible
  - 7.17.5.1 Complete monthly or quarterly report form for the GFS questionnaire and submit to the Statistics Department — Continued in 2018: Yes — Form completed and sent quarterly to the IMF; Annual form for 2017 completed and sent; efforts underway to complete quarterly form for March and June 2018 — Implementation Rate 2018: 100%
  - 7.17.7.1 Draft a sample document with concepts, definitions, sources, and methods — Continued in 2018: Yes — Procedure manual on developing OGTs produced; Document in preparation; pending effective implementation of GFSM 2014

*Appendix I text notes apply to treatments and the classification of operations.

_Appendix I. Treatment of Other Net Treasury Operations (from the IMF report content provided)_

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_Source: https://www.imf.org/-/media/files/publications/cr/2019/1mdgea2019004.pdf_