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PSDSx

Online Course on Public Sector Debt Statistics (PSDSx)

Deadline passed

Session No.: OL 19.13

Location: Course conducted online

Date: September 4, 2019 - October 16, 2019 (6 weeks) New dates

Primary Language: English

    Target Audience

    Officials whose main responsibility is compiling public sector debt statistics.

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    Qualifications

    Participants should have a degree in economics or statistics or equivalent experience.

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    Course Description

    This course, presented by the Statistics Department, covers the fundamentals needed to compile and disseminate comprehensive public sector debt statistics (PSDS) that are useful for policy- and decision-makers, as well as other users. The course introduces the conceptual statistical framework for PSDS—as presented in the Public Sector Debt Statistics: Guide for Compilers and Users—in the context of the government finance statistics (GFS) framework, which is harmonized with other macroeconomic statistical frameworks. Basic concepts, definitions, and classifications are covered, along with the principal accounting rules (including valuation and consolidation) that are relevant for PSDS compilation. The course discusses the recommended the instrument and institutional coverage for compiling comprehensive, internationally comparable PSDS, and how to record contingent liabilities such as government guarantees. It also deals with the impact on PSDS of some debt-related issues such as debt assumption, debt forgiveness, on-lending, financial leases, and financial bailouts. Important PSDS compilation considerations—including what PSDS to compile and disseminate—and the IMF’s guidelines and standards on disseminating PSDS are also covered. The course also presents possible uses of PSDS, including debt sustainability analyses (DSA), and fiscal risk and vulnerability analyses.

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    Course Objectives

    Upon completion of the course, participants should be able to:

    • Define gross and net debt and explain the basic concepts and accounting principles that apply to compilation of public sector debt statistics.
    • Classify public sector debt positions according to the Public Sector Debt Statistics Guide classifications.
    • Apply the general principles to classify an entity in the public sector and in relevant subsectors of the public sector, such as the general government and public corporations.
    • Report to the IMF and the World Bank quarterly public sector debt statistics covering at a minimum the central government.
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    Important Note for Online Courses

    For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

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