general government financial statistics general government financial statistics recent achievements...
TRANSCRIPT
GENERAL GOVERNMENT
FINANCIAL STATISTICS
Recent Achievements
Present Situation
OUTLINE OF THE PRESENTATION
New Process Initiated By Public Financial Management And Control Law
Harmonization In Terms Of Sectoral Coverage
Harmonization With International Classifications
Compilation of Data Serving as the Basis for Financial Statistics
Efforts to Improve the Data Quality
Present Situation And Challenges
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PUBLIC FINANCIAL MANAGEMENT AND CONTROL LAW
Financial statistics introduced conceptually to the Law at the first time
Transition from consolidated budgetary coverage to the general government
coverage
Transition from cash-based accounting system to accrual- based accounting
system
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HARMONIZATION IN TERMS OF SECTORAL SCOPE
A workshop conducted to determine the coverage of general government
The authority to determine and update the coverage in consultation with
concerned institutions granted to MoF.
The scope foreseen in the international standards put into force by a
General Communiqué
It became a rule to update the scope every 3 years in consultation with
concerned institutions
The same scope now applicable for preparation of GFS (IMF), EDP and ESA
Tables (EUROSTAT) 4
HARMONIZATION WITH INTERNATIONAL CLASSIFICATIONS
Application of analytical budget classification
Economic, functional, institutional, financing classification
Conversion of the codes on detailed chart of accounts to ESA Codes
Conversion of the codes on detailed chart of accounts to GFS Codes
Regular revision of bridge tables
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COMPILATION OF DATA SERVING AS THE BASIS FOR FINANCIAL STATISTICS
General Government Financial Statistics System (GGFSS)
All datas based on administrative records.
1000 Municipalities, 53 Special Provincial Administrations
1009 Unions of Local Administrations, 33 Municipality Affiliates
26 Development Agencies
Extra-budgetary funds, social security institutions, and others accounting
records-based data on revenues, expenditures, assets, liabilities and
equity
Data compilation on monthly and quarterly basis 6
EFFORTS TO IMPROVE DATA QUALITY
Reviews made by MoF
Public financial statistics audit reports prepared by Turkish Court of
Accounts and submitted to the Grand National Assembly
Automatic controls introduced to the General Government Financial
Statistics System (GGFSS) in line the findings of the reviews and audits
Financial statistics trainings provided to the concerned institutions
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I
PRESENT SITUATION
General government scope harmonized with international standards such as
GFSM, ESA and SNA
Coverage revised every 3 years
Administrative records based on accrual-based accounting system
Dissemination of quarterly financial statistics in line with international
practice
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PRESENT SITUATION
Financial statistics are determined with General Government Accounting
Regulations at the first time. That is;
Financial statistics are consolidated tables which generate imformation
regarding to general government sector units’ s revenue, expense, asset,
liability and equity and are formulated based on the statistical principles.
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I
PRESENT SITUATION
In 2015, General Government Accounting Regulations came into effect. And our new tables
which are GFS formatted:
The Statement of Net Balance (Above The Line The Statement Of Government Operations)
The Statement of Net Financial Balance (Below The Line The Statement Of Government Operations)
The Statement of Functional Classification of Expenditures (Outlays By Functions Of Government)
The Statement of Contingent Assets and Liabilities (IPSAS No 19 Article 8)
Balance Sheet( GFS Table 6 Balance Sheet)
Cash Flow Table (Statement Of Sources And Uses Of Cash)
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CHALLENGES
The Cash Flow Table based on IPSAS criterions technically.
Consumption of fix capital is calculated at the end of the year.
Consumption of fix capital for quarterly and monthly is estimated.
For monthly and quarterly GFS tables, interest expense is determined by
using cash basis of data. For annual GFS tables, interest expense is determined
by using accrual basis of data.
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THANK FOR YOUR ATTENTION
General Directorate Of Public
Accounts