Malaysia: Technical Assistance Report-Government Finance Statistics Mission

IMF Staff Country Reports, August 13, 2019

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Malaysia: Technical Assistance Report-Government Finance Statistics Mission

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Bibliographic details

• Published: August 13, 2019
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513510767.002

Mission objectives and scope

• Aim: support the Malaysian authorities in improving government finance statistics (GFS) for decision making.
• Reviewed: progress in implementation of the accounting project to introduce accrual financial reporting standards at the federal government level.
• Identified potential: collaboration between Ministry of Finance (MOF) and Department of Statistics Malaysia (DOSM) for fiscal data collection covering other general government sublayers and public nonfinancial corporations.

Key findings

• The general ledger structure is sufficient to produce GFS on both cash and an accrual basis.
• Considerable potential exists for MOF–DOSM collaboration with respect to:
  • fiscal data collection for other general government sublayers; and
  • fiscal data collection for public nonfinancial corporations.
• Remaining differences between datasets are described as minor; collaboration is necessary to ensure data consistency and to facilitate explanation of these differences to users.

Recommendations and next steps

• Verify the causes for inconsistencies based on recent annual data.
• Formally align collaboration between MOF and DOSM going forward to ensure consistent GFS compilation and user communication.

Subject areas and keywords

• Subject: Data collection, Economic and financial statistics, Economic sectors, Financial statements, Government finance statistics, Gross fixed investment, National accounts, Public financial management (PFM), Public sector, Revenue administration
• Keywords: accounting data, compilation process, CR, Data collection, Financial statements, GFS classification, GFS framework, Government finance statistics, Gross fixed investment, information, ISCR, MOF data detail, MOF report, MOF survey, Public sector, reporting needs, short-term government finance statistics, TA mission

Content in this bundle

• 1. Priority Recommendations
  • 1. Priority Recommendations (Markdown version)
  • 1. Priority Recommendations (PDF)