Lao People’s Democratic Republic: Technical Assistance Report on Government Finance Statistics Mission (October 4-29, 2021)
IMF Staff Country Reports, July 29, 2022
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- Lao People’s Democratic Republic: Technical Assistance Report on Government Finance Statistics Mission (October 4-29, 2021)
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Bibliographic details
- Published: July 29, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400219702.002
Mission scope and timing
- Technical Assistance (TA) report on government finance statistics (GFS) mission conducted October 4-29, 2021.
- Publication date: July 29, 2022.
- Pages: 21.
- Volume: 2022; Issue: 261; Series: Country Report No. 2022/261.
- DOI: https://doi.org/10.5089/9798400219702.002.
- Stock No: 1LAOEA2022001.
- ISBN: 9798400219702.
- ISSN: 1934-7685.
Key findings on GFS compilation and dissemination
- There has been progress on a gradual basis in the timeliness of GFS compilation and dissemination to the IMF due to an improvement in coordination between the Fiscal Policy and Law Department and data providers on the provision of source data.
- Data reconciliation remains insufficient: "these data are still not reconciled in a more regular and timelier basis."
- Monthly budget execution data used for GFS compilation are:
- Aggregated and prepared according to source data from the data providers.
- Noted specifically that "other allowances and subsidies in expenditure in particular" are part of these aggregated monthly execution data.
Fiscal developments and COVID-19 related reporting
- The Annual budget for FY2022 including fiscal package including fiscal measures for coronavirus disease 2019 (COVID-19) pandemic response was submitted to the National Assembly in Nov/Dec 2021.
- The report recommends improved coordination to trace and monitor COVID-19 related spending:
- Coordinate with relevant departments including the Budget Department in the reporting system.
- Utilize and/or engage the Inter-ministerial Committee to collect data for COVID-19 related spending for tracing and monitoring the spending.
Data dissemination and institutional context
- The report highlights improvements in coordination between the Fiscal Policy and Law Department and data providers, but underscores the need for more regular and timelier reconciliation.
- Subject tags from the report: Economic and financial statistics, Expenditure, International organization, Monetary policy, Public financial management (PFM).
- Keywords from the report: Budget execution and treasury management, Capital spending, data dissemination to IMF, execution data, Government finance statistics, IMF capacity development office, IMF's Statistics Department, PSDS data compilation.
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- Publication format metadata and citation formats are provided (Chicago citation example included in original record).
International Monetary Fund. "Lao People’s Democratic Republic: Technical Assistance Report on Government Finance Statistics Mission (October 4-29, 2021)", IMF Staff Country Reports 2022, 261 (2022), July 29, 2022.
Content in this bundle
- 1laoea2022001