Meeting of the IMF Government Finance Statistics Advisory Committee (GFSAC)
Brasilia
May 13-15, 2025
- Summary of discussions
- Agenda (GFSAC 2025/05/01)
First Global Consultation on Research Projects: Group 1
- Presentation: Consultation Responses on Group 1 Research Projects and Draft Notices of Decision (GFSAC 2025/05/02)
- Paper: Summary of Consultation Responses (GFSAC 2025/05/02A)
- Papers: Notice of Decision – GFSM 2014 Update
- 1.2 Treatment of Rent (GFSAC 2025/05/02B)
- 1.4 Citizenship-by-Investment Programs (GFSAC 2025/05/02C)
- 1.5 Treatment of Assets and Related Income Declared Under Tax Amnesty (GFSAC 2025/05/02D)
- 1.6 Financial and Operating Leases (GFSAC 2025/05/02E)
- 1.7 Recording of Fines and Penalties (GFSAC 2025/05/02F)
- 1.9 Improving the Recording of Government-Controlled Nonresident SPEs (GFSAC 2025/05/02G)
- 1.11 Identifying, Valuing and Reporting Government Data Assets (GFSAC 2025/05/02H)
- 1.19 Treatment of SPEs and Residency (GFSAC 2025/05/02I)
- 1.22 Treatment of Emissions Trading Schemes (GFSAC 2025/05/02J)
- 1.23 Environmental Classifications within GFS (GFSAC 2025/05/02K)
- 1.24 Distinction Between Taxes, Services and Other Flows (GFSAC 2025/05/02L)
Task Teams for GFSM Update
- Presentation: Update from Task Team 1 (GFSAC 2025/05/03)
- Presentation: Update from Task Team 2 (GFSAC 2025/05/04)
- Presentation: Update from Task Team 4 (GFSAC 2025/05/05)
- Presentation: Feedback from First Quarterly Report (GFSAC 2025/05/06)
- Paper: First Quarterly Report (GFSAC 2025/05/06)
GFS User Stories
- Presentation: Brazil – Implementation and Use of GFSM 2014 and Lessons Learnt (GFSAC 2025/05/12)
Collaboration and Coordination with Other Initiatives
- Presentation: Update to the European System of Accounts (ESA) (GFSAC 2025/05/07)
- Presentation: MFS Update (GFSAC 2025/05/08)
- Presentation: International Community of Macroeconomic-Environmental Statisticians (Compilers Hub) (GFSAC 2025/05/09)
- Presentation: IPSASB Update (GFSAC 2025/05/10)
- Presentation: COFOG Revision (GFSAC 2025/05/11)
Second Global Consultation on Research Projects: Group 2
- Presentation: Consultation Responses on Group 2 Research Projects and Draft Notices of Decision (GFSAC 2025/05/13)
- Paper: Summary of Consultation Responses (GFSAC 2025/05/13A)
- Papers: Notice of Decision – GFSM 2014 Update
- 1.8 Valuation of Unlisted Equity (GFSAC 2025/05/13B)
- 1.10 Super-Dividends and Reinvested Earnings of Public Corporations (GFSAC 2025/05/13C)
- 1.17 Debt Concessionality (GFSAC 2025/05/13D)
- 1.20 Payments for Non-Produced Knowledge-Based Capital (GFSAC 2025/05/13E)
- 1.21 Islamic Finance (GFSAC 2025/05/13F)
- 1.25 Relationship Between SNA and IPSAS IFRS (GFSAC 2025/05/13G)
- 1.27 Consistency in the Application of the Sum of Costs Approach (GFSAC 2025/05/13H)
- 1.28 Work-in-Progress, Transfer of Ownership and Capital Services (GFSAC 2025/05/13I)
- 1.29 Clarifications on the Treatment of Terminal Costs During Ownership Transfer (GFSAC 2025/05/13J)
- 1.30 Distinction Between Maintenance and Capital Repairs for Intangible Assets (GFSAC 2025/05/13K)
- 1.31 Treatment of the Transfer of Leased Assets at the end of the Lease Period (GFSAC 2025/05/13L)
- 1.36 Treatment of Precious Metal Accounts (GFSAC 2025/05/13M)
Further Advancing the GFSM Update
- Paper: Discussion on Initial Outline of the GFSM Update (GFSAC 2025/05/14A)
- Paper: Appendices for Draft Outline of Updated GFSM (GFSAC 2025/05/14B)
- Presentation: Discussion on Initial Outline of the GFSM Update (GFSAC 2025/05/14)
- Paper: Proposals for Dealing with Newly Identified Research Topics (GFSAC 2025/05/15)
- Presentation: Proposals for Dealing with Newly Identified Research Topics (GFSAC 2025/05/15)
Looking to the Future
- Presentation: StatGPT and StatChat (TalktotheManuals)
- Why the Official Statistics Community needs StatGPT (GFSAC 2025/05/16A)
- Statistical Standards Chat - StatsChat (GFSAC 2025/05/16B)
- Presentation: Future Updates of the Manuals (GFSAC 2025/05/17)


