Republic of Madagascar: Technical Assistance Report—Government Finance Statistics Mission

IMF Staff Country Reports, October 31, 2019

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Canonical URL: Republic of Madagascar: Technical Assistance Report—Government Finance Statistics Mission

Explains the need for the Malagasy authorities to adopt the Government Finance Statistics Manual (GFSM) 2014 concepts, definitions, and methodology as part of the macroeconomic statistics improvement Project.
Recommends improving macroeconomic analysis and monitoring of the overall impact of government finances on the country’s economy, noting that budgetary and accounting figures are not intended for this purpose.

Steady progress continues with the preparation of a bridge table between the chart of accounts and the GFSM 2014 classifications.
Notable improvements have been made in the presentation of Other Net Treasury Operations; the detailed components were identified and can now be presented on a gross basis.
Based on the progress made, the prospect of compiling consolidated GFS covering all subsectors of the Malagasy general government in a not-too-distant future is encouraging.

Adopt GFSM 2014 concepts, definitions, and methodology to enhance macroeconomic analysis and monitoring of government finance impacts.
Continue development of the bridge table between the chart of accounts and GFSM 2014 classifications to support compilation of consolidated GFS.
Improve presentation and compilation procedures for Other Net Treasury Operations to allow gross-basis reporting of detailed components.

Subject: Economic and financial statistics, Financial statements, Government finance statistics, Public financial management (PFM)
Keywords: accounting, balance, CNaPS, compilation file, CR, CTD accounting balance, CTD accounting source, Financial statements, GFS compilation, GFS coverage, government finance information, Government finance statistics, ISCR

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