Government Finance Statistics Advisory Committee (GFSAC)
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Meeting of the IMF Government Finance Statistics Advisory Committee (GFSAC)
Washington, D.C., March 14–16, 2017

Agenda

Summary of Discussion

Session 1: Fiscal Data—State of Play

1.1 Rainer Koehler (STAGO): Current stance of GFS reporting, data strategy and the preliminary findings of the joint STA/FAD board paper

1.2 Abeer Ali Abdulla (UAE): United Arab Emirates experience in GFS Reporting (video presentation)

Session 2: Balance Sheets

Balance Sheet Statistics – Needs, Challenges and Methods

2.1 Amanda Sayegh (FAD): Using Balance Sheets for Fiscal Analysis and Policymaking

2.2 Khathu Todani (South Africa): South Africa Integrated Economic Accounts Project: Process, Challenges and Outcome

2.3 Gary Jones and Roderick O`Mahony (STAGO): Balance Sheet Statistics – Needs, Challenges, and Methods

2.4 Evis Rucaj (World Bank): Public Sector Debt Statistics Progress implementation, future challenges

Pension liabilities – reporting and measuring pension liabilities

2.5 Peter van de Ven (OECD): Accounting for Pensions – Some Recent Developments in the Area of National Accounts

2.6 Philip Stokoe (STAGO): Pension Liabilities – Challenges and Alternative Analytical Measures

2.7 Ian Carruthers (IPSASB): Latest progress with the pension liabilities and social benefits

Measuring and reporting government assets

2.8 Pamela Kelly (USA): Nonfinancial Assets in the U.S. GFS

2.9 Alberto Jimenez de Lucio (STAGO): Statistical Methodologies applied to Natural Resources: Template for Government Revenues from Natural Resources

2.10 Robert Dippelsman (STARE): Guide to Analyze Natural Resources in National Accounts: Sectoral Accounts and Balance Sheets

Session 3: Public Sector

Challenges with the delineation of the public sector

3.1 Tobias Wickens (STAGO): Interpreting Coverage and Sectorization of the Public Sector

3.2 Sérgio Branco (Portugal): Challenges with the delineation of public sector: borderline between the financial corporations and general government sectors

The usefulness of data on the public sector

3.3 Christine Dieterich (AFR): Need for wider fiscal coverage in Sub-Saharan Africa

3.4 Nick Vaughan (UK): History and Challenges of Public Sector Reporting in the UK

3.5 Sérgio Branco (Portugal): Experience of Banco de Portugal on the compilation and publication of data regarding government finance statistics

Session 4: Public Private Partnerships

Recording the activities of PPPs in government accounts

4.1 Lena Frej-Ohlsson (Eurostat): PPPs – Overview of recent practical guidelines

4.2 Ian Carruthers (IPSASB): Current guidelines in IPSASs for recording PPPs

4.3 Nick Vaughan (UK): Public Private Partnerships (PPP): statistical and financial reporting in the UK

Policy Implications of PPPs

4.4 Isabel Rial (FAD) / David Duarte (World Bank Group): Managing fiscal risks from PPPs, implications for surveillance

Session 5: Latest Developments Affecting GFS

5.1 Evrim Bese Goksu (G-20 DGI): Update on G-20 Data Gap Initiative (DGI): Progress on Closing the Gaps in Fiscal Data

5.2 Ian Carruthers (IPSASB): Latest developments in IPSASs and GFS harmonization

5.3 Venkateswarlu Josyula (STABP): The Statistical Treatment of Negative Interest Rates

5.4 Ian Carruthers (IPSASB): New lease accounting standards and implications for GFS

5.5 Philip Stokoe (STAGO): Items on the GFS Research Agenda and information on the next round of update of manuals