IMF Staff Country Reports

Malaysia: Technical Assistance Report-Government Finance Statistics Mission

August 13, 2019

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Malaysia: Technical Assistance Report-Government Finance Statistics Mission, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Summary

This technical assistance report on Malaysia highlights that the mission aimed to support the Malaysian authorities in improving government finance statistics (GFS) for decision making. The mission reviewed the progress in the implementation of the accounting project to introduce accrual financial reporting standards at the federal government level. The mission identified considerable potential for collaboration between Ministry of Finance (MOF) and Department of Statistics Malaysia (DOSM) with respect to fiscal data collection for other general government sublayers and public nonfinancial corporations. The mission concluded that the general ledger structure is sufficient to produce GFS on both cash and an accrual basis. The mission suggested that collaboration between MOF and DOSM going forward would be necessary to ensure data consistency and to facilitate the explanation of remaining minor differences to users. The mission recommends that the authorities verify the causes for inconsistencies based on recent annual data, and to formally align the collaboration between the institutions.

Subject: Data collection, Economic and financial statistics, Economic sectors, Financial statements, Government finance statistics, Gross fixed investment, National accounts, Public financial management (PFM), Public sector, Revenue administration

Keywords: Accounting data, Compilation process, CR, Data collection, Financial statements, GFS classification, GFS framework, Government finance statistics, Gross fixed investment, Information, ISCR, MOF data detail, MOF report, MOF survey, Public sector, Reporting needs, Short-term government finance statistics, TA mission

Publication Details

  • Pages:

    24

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/268

  • Stock No:

    1MYSEA2019003

  • ISBN:

    9781513510767

  • ISSN:

    1934-7685

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