Download (Pension Fund) “National Accounts of Armenia”

ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅԱՆ ԱԶԳԱՅԻՆ
ՎԻՃԱԿԱԳՐԱԿԱՆ ԾԱՌԱՅՈՒԹՅՈՒՆ
NATIONAL STATISTICAL SERVICE
OF THE REPUBLIC OF ARMENIA
GENERAL GOVENMENT SECTOR
OF THE REPUBLIC OF ARMENIA
Workshop on implementation of the 2008 SNA in EECCA
countries and linkages with BPM6 and GFSM 2014
May 6-8, 2015, Istanbul, Turkey
Structure of Presentation
 Institutional structure: current state
 Characteristics of main sources of information
 Improvement of statistics of the General Government Sector within
the context of implementation of the 2008 SNA and GFSM 2014
 Questions
2
Institutional Structure: Current State
Accounts of the General Government sector are compiled
annually according to methodology of the 1993 SNA and GFS
2001:
− Economic classification (by types of expenditures)
− Functional classification (by types of economic activity)
The General Government sector covers all public institutions and
non-profit organizations (NPO)
Transactions are recorded according to the cash-basis method;
an accrual method is not applied yet.
3
Institutional Structure; Current State
The General Government sector combines institutional units
which fulfill functions of the General Government as a primary
activity, i.e. a provision of society with goods and services on
non-market basis for their shared or individual use and
redistribution of incomes through transfers.
According to the level of regulatory authorities, the General
Government sector includes:
Central authorities:
− all government subdivisions which exercise authority
throughout economic area of the country.
− administration of 10 regions (marzs) which do not have
budgetary autonomy
− extra-budgetary funds (pension fund), resources and their
use are also included in the central government.
Local government authorities
4
Characteristics of Main Sources of Information
General information is submitted by the Ministry of Finance
(administrative register) as per:
−
Law on State Statistics of the Republic of Armenia
− Law on Three-Year Statistical Work Program of the
Republic of Armenia
− Decision of the State Council on Statistics of the
Republic of Armenia on the Procedure of the reporting of
Statistical Information No.11 dated October 03, 2003
− Annual State Statistical Work Program
5
Characteristics of Main Sources of Information
National accounts use consolidated data from quarterly and
annual reports on implementation of the state and local authority
budgets (GFS 2001):
− Quarterly figures are presented in aggregated form
− Annual figures contain data on expenditures per each
functional section
Additional sources:
− Balance of Payment (BPM5, BPM6)
− Report on key figures of business activities of the organizations
− Report on financing of expenditures for maintenance of the
State Social Security Service (Pension Fund)
“National Accounts of Armenia” yearbook is published annualy. It
contains a section of the general government sector (consolidated
accounts, production account and generation of income account)
by types of economic activity.
6
Characteristics of Main Sources of Information
Government agencies are non-market producers
Assessment of non-market output – an amount of current
expenditures:
−
−
−
−
intermediate consumption
compensation of employees
other taxes on production (less other production subsidies)
consumption of fixed capital
Intermediate consumption – cost of goods and services
consumed within the accounting period.
7
Characteristics of Main Sources of Information
Final consumption expenditures:
− Individual consumption (healthcare, education, culture,
social protection)
− Collective consumption (protection of public order and
environment, defense and security, management of the
economy)
Final consumption expenditures are determined by:
− output of non-market services
− plus expenses for purchase of consumer goods and
services for transfer to the households
Gross capital formation:
− acquisition of equipment and valuables
− capital construction
− capital repairs
− capital transfers
8
Improvement of statistics of the General Government
Sector within the context of implementation of the
2008 SNA and GFSM 2014
To improve statistics of the public administration sector within
the context of implementation of 2008 SNA and GFSM 2014:
− The arrangements have been performed
− Recommendations obtained from the CIS Statistical
Committee on an alignment of indicators of the government
finance statistics (GFS2014) and the system of national
accounts by a transient key method are considered
− An implementation of model statistical classification of
economic sectors recommended by the Eurasian Economic
Commission is considered and performed
− Trilateral interdepartmental agreement has been concluded
between the National Statistical Service, Ministry of Finance
and Central Bank of the Republic of Armenia for
implementation of 2008 SNA new international standard
into the statistics of national accounts (23.10.2014).
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Improvement of statistics of the General Government
Sector within the context of implementation of the
2008 SNA and GFSM 2014
The Commission and interdepartmental working groups
consisting of employees from NSS, MoF, CB, law enforcement
authorities and State Committee on Property and Cadastre have
been established. They develop the national strategic program on
implementation of the 2008 SNA and GFS 2014 for next years,
taking into account own resources and opportunities of
international cooperation, and coordinate a process for
implementation of this program:
− Financial and insurance activities
− General Government (expenditures for armaments and
research and development)
− External accounts
− Non-observed economy
10
Improvement of statistics of the General Government
Sector within the context of implementation of the
2008 SNA and GFSM 2014
−
−
−
−
Imputed cost of living in owner-occupied dwelling-houses
Structure of non-financial assets
Input-output tables
Financial account
Working groups develop new methodological documentation
with indication of necessary sources of information, perform
experimental computations to determine the changes affecting
GDP.
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Questions
− Which sections of functional classification form an output of
products in “Public Administration and Defense; Compulsory
Social Security” branch (section O, NACE rev. 2)
− Reserve fund of the government and local authorities (section 11
- Reserve funds, unrelated to main sections)
− Lack of information on expenditures (by economic classification)
by types of economic activity in local authority budgets.
− Which items of operating expenditures of economic
classification of the budget can form an output of non-market
services in branches (for example: grants, subsidies)
− Lack of data on depreciation charges in budget expenditures,
what are the approximate limits of consumption of fixed capital
(in % to output of products)
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Questions
− Whether a requirement on recording of all expenditures and
revenues of the state budget in accounts of the public
administration sector is mandatory as well as a resulted
correspondence of an indicator of state budget deficit to an
indicator of net lending / borrowing in national accounts in
the public administration sector
− Source of information on market services in “Public
Administration and Defense; Compulsory Social Security”
(section O, NACE rev.2), delimitation between payment for
rendered services and tax collection
− Implementation of the 2008 SNA is possible without
implementation of GFSM 2014. Balance of payment is
already compiled with accordance with the new version
BPM6
− Implementation of accrual method when recording the
transactions
13
ՀԱՅԱՍՏԱՆԻ ԱԶԳԱՅԻՆ ՎԻՃԱԿԱԳՐԱԿԱՆ
ԾԱՌԱՅՈՒԹՅՈՒՆ
NATIONAL STATISTICAL SERVICE
OF THE REPUBLIC OF ARMENIA
THANK YOU FOR YOUR ATTENTION
Web page: NSSRA http://www.armstat.am
Workshop on implementation of the 2008 SNA in
EECCA countries and linkages with BPM6 and
GFSM 2014
May 6-8, 2015, Istanbul, Turkey