Public Sector Debt Statistics (PSDSx)
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- Public Sector Debt Statistics (PSDSx)
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Bibliographic details
- Session: OL 21.151
- Location: Course conducted online
- Dates: September 1, 2021 - April 15, 2022 (33 weeks)
- Delivery method: Online Training
- Primary language: Spanish
- Status: Deadline passed
Overview
- Training Program presented by the Statistics Department covering fundamentals needed to compile and disseminate comprehensive public sector debt statistics (PSDS).
- Session No.: OL 21.151
- Location: Course conducted online
- Date: September 1, 2021 - April 15, 2022 (33 weeks)
- Delivery Method: Online Training
- Primary Language: Spanish
Target audience and qualifications
- Target Audience:
- Officials whose main responsibility is compiling and disseminating public sector debt statistics.
- Qualifications:
- 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.
Course description — scope and topics
- 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.
- Explains how the GFS framework is harmonized with other macroeconomic statistical frameworks.
- Covers basic concepts, definitions, and classifications relevant to PSDS.
- Presents principal accounting rules, including valuation and consolidation, relevant for PSDS compilation.
- Discusses recommended instrument and institutional coverage for compiling comprehensive, internationally comparable PSDS.
- Explains how to record contingent liabilities such as government guarantees.
- Addresses the impact on PSDS of debt-related issues, including:
- debt assumption,
- debt forgiveness,
- on-lending,
- financial leases,
- financial bailouts.
- Covers important PSDS compilation considerations, including what PSDS to compile and disseminate, and the IMF’s guidelines and standards on disseminating PSDS.
- Presents possible uses of PSDS, including Debt Sustainability Analyses (DSA), and fiscal risk and vulnerability analyses.
Course objectives — participant competencies on completion
- 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).
References