Cambodia: Technical Assistance Report on Government Finance Statistics Mission (December 6, 2021–January 11, 2022)
IMF Staff Country Reports, January 11, 2023
Source details
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- Cambodia: Technical Assistance Report on Government Finance Statistics Mission (December 6, 2021–January 11, 2022)
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Bibliographic details
- Published: January 11, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400229435.002
Mission mandate and scope
- Presented Cambodia’s technical assistance (TA) report on Government Finance Statistics (GFS) Mission.
- Review period of the mission: December 6, 2021–January 11, 2022.
- Reviewed compilation and dissemination practices for GFS and Public Sector Debt Statistics (PSDS).
- Reviewed the first draft of the GFS/PSDS Technical Compilation and Dissemination Guidelines for Cambodia, which:
- Includes general overview and advantages of using GFS/PSDS framework.
- Includes selected provisions on the existing institutional arrangements for GFS/PSDS in Cambodia.
- Includes the description of the general government sector.
Key findings on data compilation and dissemination
- Progress since the previous TA mission was assessed as limited in the compilation and dissemination of GFS and PSDS.
- Specific technical issues identified:
- Treatment of social security benefits in GFS needed adjustment to align with Government Finance Statistics Manual 2014.
- Treatment of government support to public financial corporations required alignment with Government Finance Statistics Manual 2014.
- Treatment of other accounts receivable/payable in GFS time series required discussion and clarification with the GDP GFS Team.
- Quality issues in classifying government expenditure according to Classification of the Functions of Government were noted.
- Limitations in availability and detail of source data on net acquisition of nonfinancial assets were identified.
- Limited progress in reconciling the coverage of government deposits in joint work by the Ministry of Economy and Finance GDP and the National Bank of Cambodia.
Technical advice and recommendations provided
- Advised on aligning treatment of:
- Social security benefits with Government Finance Statistics Manual 2014.
- Government support to public financial corporations with Government Finance Statistics Manual 2014.
- Recommended further work on:
- Clarifying and standardizing the treatment of other accounts receivable/payable in GFS time series in coordination with the GDP GFS Team.
- Enhancing the reconciliation process for government deposits between the Ministry of Economy and Finance GDP and the National Bank of Cambodia.
- Improving classification quality of government expenditure according to Classification of the Functions of Government.
- Improving the availability and level of detail of source data on net acquisition of nonfinancial assets.
- Suggested using the draft GFS/PSDS Technical Compilation and Dissemination Guidelines as a foundation to strengthen institutional arrangements and the description of the general government sector.
Institutional and dissemination implications
- The draft Guidelines aim to support:
- Adoption of the GFS/PSDS framework across relevant Cambodian authorities.
- Clearer institutional responsibilities for GFS/PSDS compilation and dissemination.
- Improved transparency and consistency of government finance and public sector debt statistics.
Cambodia: Technical Assistance Report on Government Finance Statistics Mission (December 6, 2021–January 11, 2022), January 11, 2023.
Content in this bundle
- 1. Priority Recommendations