Malaysia: Technical Assistance Report-Government Finance Statistics Mission and Preceding Remote Support

IMF Staff Country Reports, August 13, 2019

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Canonical URL: Malaysia: Technical Assistance Report-Government Finance Statistics Mission and Preceding Remote Support

The technical assistance report explains the effort by the mission to support the Malaysian authorities in improving Government Finance Statistics (GFS) decision making.
The mission achieved significant progress with respect to the development of a budgetary central GFS compilation system based on primary accrual accounting data.
The mission, together with the authorities, successfully developed a compilation sheet to facilitate the largely automated compilation of a comprehensive set of GFS tables from the system.

Development of a budgetary central GFS compilation system based on primary accrual accounting data.
Successful development of a compilation sheet to facilitate largely automated compilation of a comprehensive set of GFS tables from the system.
Emphasis on improving GFS decision making through system and procedural enhancements.

Analysis suggests it is essential to build the survey around the balancing items:
- (net) operative income
- (net) comprehensive income
Recommendation to structure surveys around these balancing items for accurate capture of flows reported in the income statement.

Analysis of the corporate balance sheets suggests that most accounting terms used by the public corporations can be grouped sensibly and linked to GFS classifications.

With respect to the extrabudgetary units of central government, the mission proposed minor refinements of the survey and prepared preliminary GFS data.

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