Uganda: Technical Assistance Report—Report on the Financial Transactions and Balance Sheets Mission; IMF Country Report No. 17/293, September 2017

IMF Staff Country Reports, October 6, 2017

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Canonical URL: Uganda: Technical Assistance Report—Report on the Financial Transactions and Balance Sheets Mission; IMF Country Report No. 17/293, September 2017

Technical Assistance Report discusses technical advice and recommendations given by the IMF mission to the authorities of Uganda regarding development of financial transactions and balance sheets.
The IMF mission suggested developing the financial transactions and balance sheets based on a holistic approach following the integrated sectoral accounts framework of the 2008 System of National Accounts.
This approach will highlight the interconnection of the four main sectors of the Ugandan economy.
The IMF mission judged that development of experimental financial transactions and sector balance sheets is possible in the near future.
The development of final accounts that are consistent with nonfinancial accounts would take two to three more years and would depend on acquisition of additional source data.

Adopt a holistic approach following the integrated sectoral accounts framework of the 2008 System of National Accounts to develop financial transactions and balance sheets.
Prioritize compilation of experimental financial transactions and sector balance sheets in the near term to establish foundational data and methods.
Plan for development of final accounts consistent with nonfinancial accounts, contingent on acquisition of additional source data and expected to require two to three more years.

Short term: Development of experimental financial transactions and sector balance sheets — judged possible in the near future.
Medium term: Development of final accounts consistent with nonfinancial accounts — expected to take two to three more years and dependent on acquisition of additional source data.

Subject tags included in the report: Commercial banks, Expenditure, Financial institutions, Financial statements, Loans, Pension spending, Public financial management (PFM), Securities.
Keywords and technical terms preserved in the source: accounts payable, balance sheet data, balance sheet information, balance sheet purpose, balance sheets compilation, balance sheets mission, BOU use difference, BOU's balance sheet, chief accountant's Office, Commercial banks, CR, current account, Financial statements, incurrence of liability, ISCR, Loans, market price, opening balance, Pension spending, Securities.