How to Record the Allocations of Special Drawing Rights in Government Finance Statistics
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Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
This note provides statistical guidance to IMF staff and country authorities on the recording of the 2021 general allocation of Special Drawing Rights (SDRs) in the government finance statistics (GFS), which is also applicable to previous SDR allocations. SDR allocations received by members are recorded as a liability in the form of SDR allocations vis-à-vis the SDR Department of the IMF, which is part of gross debt of the public sector unit (Ministry of Finance/Treasury or central bank or other publicly controlled entity) on whose balance sheet SDRs are recorded, with a corresponding entry for SDR holdings as a financial asset. No transfer of wealth occurs due to the SDR allocation. It should be stressed that the statistical guidelines do not specify on whose balance sheet SDR holdings and allocations should be recorded, as this decision is determined by the member’s domestic legal and institutional arrangements.
Series:
Technical Notes and Manuals No. 2022/003
Subject:
Expenditure External debt Fiscal policy Foreign exchange Money Public debt Public financial management (PFM)
Frequency:
occasional
English
Publication Date:
June 7, 2022
ISBN/ISSN:
9798400209512/2075-8669
Stock No:
TNMEA2022003
Pages:
19
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