Government Finance Statistics to Strengthen Fiscal Analysis
February 26, 2010
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Summary
In 2005, the Board endorsed the Government Finance Statistics Manual 2001 (GFSM 2001) and asked staff to propose a migration strategy for the Fund, based on lessons to be drawn from conducting pilot studies.
The pilot studies and other tests confirmed that some aspects of the GFSM 2001 methodology (primarily relating to presentation) can be implemented by staff with relatively modest resource needs, while other aspects can proceed meaningfully only after member countries have made sufficient progress in their own fiscal reporting—including in detailed balance sheet breakdowns, and in strengthening underlying accounting systems.
Subject: Cross country analysis, Data collection, Data quality assessment framework, Executive Board decisions, Financial crisis, Fiscal analysis, Global Financial Crisis 2008-2009, Government finance statistics, Government Finance Statistics Manual, Lapse of time approval
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