Second Review of the Implementation of Government Finance Statistics Framework to Strengthen Fiscal Analysis

Download or read book Second Review of the Implementation of Government Finance Statistics Framework to Strengthen Fiscal Analysis written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2017-05-31 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on the further developments since 2013 in the implementation of the 2010 Board decision concerning Government Finance Statistics (GFS) to Strengthen Fiscal Analysis, and develops a path to continued improvement of fiscal data in the Fund. The Board decision approved (i) developing a staggered migration strategy, including tailored capacity development inside and outside the Fund taking into consideration country-specific and fiscal surveillance needs; (ii) encouraging staff to continue the effort to routinely assess financial balance sheets during surveillance; (iii) gradually expanding the coverage of fiscal data, taking into consideration country-specific circumstances and fiscal risk assessments; and (iv) reaffirming the support for the phased implementation of the GFS over the medium term.