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Public Sector Debt Statistics (PSDSx)

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Session No.: OL 21.149

Location: Course conducted online

Date: September 1, 2021 - December 31, 2021 (18 weeks)

Primary Language: English

    Target Audience

    Officials whose main responsibility is compiling and disseminating public sector debt statistics.
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    Some knowledge of economics and macroeconomic statistics is helpful. Access to a computer with a reliable Internet connection and a Google Chrome web browser and basic Microsoft Excel skills are essential.
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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: Explain the essence of the GFS framework and how it relates to public sector debt statistics. Apply the main macroeconomic principles to determine what is considered to be debt in the accounts of the debtor. Apply the main macroeconomic principles to determine who is the debtor, classify the debtor appropriately inside or outside the public sector, and identify the types of counterparties to the debt instruments.  Use the principal macroeconomic accounting rules to compile public sector debt statistics.  Compile a comprehensive and internationally comparable public sector debt statistics report, with supplementary tables, that is suitable for fiscal policymaking and analyses. Explain the importance of comprehensive, consistent, and comparable public sector debt statistics in various facets of fiscal policymaking, including Debt Sustainability Analysis (DSA).
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