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Presentation Outlines • Historical perspectives • Legal provision • Institutional and organizational settings of NA mechanism • IT capacity • NA Compilation practices • Ongoing programs • Future plans Historical Perspective • First attempt in 1961/62 by then Ministry of Economic Planning • Gap of two years • Responsibility shifted to CBS • Continuation after 1964/65 Legal provision • • • • Statistical act 1958 Status of present Central Bureau of Statistics Role and responsibility of CBS Legal provision regarding system of designated statistics Institutional and organizational settings for NA mechanism • Institutional responsibility for NA compilation • Organizational set up IT capacity • Personal computers available in NA – for all staff (9) • Internet facilities • Data dissemination by email, CD, website (www.cbs.gov.np), NA compilation practices • GDP predominantly based on Value added approach • Separate estimates of expenditure components except change in stock • Change in stock: residually estimated • No explicit statistical discrepancy • Attempt to produce GDP by income approach Compilation Briefs • Follows SNA 1993 • Link to compilation practices • Valuation practices • Output: Basic price • Intermediate consumption: Purchasers prices • Price • PPI/Manufacturing, CPI, WPI and others • Volume measures • Benchmark surveys 2004/05 Rebasing and linking practices • Analytical and Mechanical rereferencing base year • 1964/65 – Analytical and First NA series • 1974/75 – Analytical • 1984/85 – Analytical • 1994/95 – Mechanical linking • 2000/01 - Analytical Status of 93SNA Implementation • • • • • System design: what System realization: How Adoption of boundaries principles Adoption of valuation principle Adoption of SNA recommended classification scheme Ongoing programmes • Quarterly National Accounts (QNA) • Preparation of SUT • Preparation of accounts (possibly up to capital accounts) • Business Inquiry (BI) Panel surveys • Preparation of Nepal System of National Accounts( NSNA) Work in progress • Preparation of accounts (possibly up to capital accounts) • Estimating CE, GFCF by industrial classification 3 • Preparation of Nepal System of National Accounts( NSNA) Big Push • UN support – Strengthening NA of Nepal 1987 • ADB Support – Strengthening NA System of Nepal 2005 – Conduction of 35 economic surveys – Migration to 1993 SNA – Data assessment for QNA Future plans • Public sector account • Preparation of FISIM compliance with SNA Challenges faced • Lack of micro data • Human resource Urgency and Support • Institutionalization of Economic Surveys and Census • Sustainability of Household Surveys (i.e. LSMS, LFS,etc.) • Trainings Data assessment for QNA compilation Thank You