Transcript Document

EN/ADM/2014/Pres/24
Use of Administrative data
in national accounts
Michael Adams
23 June 2014
MFSM/GFS
GFS
SNA
MFSM
SNA
BOP
2
Coverage of general government
ENTITY NAME
CLASSIFIED FOR (YEAR)
NOTES
Recorded in the criteria form
CLASSISICATION
Decision tree
QB March 2011
Cash data vs accrual
 No official formula is used to convert cash to accrual
 However:
 When noticing big changes, we try to get reasons for
that, move between quarters to make economic sense,
e.g take the average of two quarters, number of total for
fiscal year must still be the same. Make use of info in
media, info from other sources
Salaries and wages in kind
•
•
Cash data
No estimation for salaries and wages in kind
Imputed social security contributions
 Cash data
 No estimation for imputed social security
contributions
QB March 2011
Estimation of consumption of fixed
capital for government
Table 2: The economic lifetime according to type of asset
Type of asset
Sector
Residential buildings
Non-residential buildings
Construction works
50 years
50 years
Agriculture
80 years
Mining
30 years
General government
80 years
Other
50 years
8 years
Manufacturing
8 years
Mining & Electricity, gas and 16 years
water
Other
10 years
Transport equipment
Machinery & other equipment
Lifetime
7
Formula programmed
where X = Number of terms (i.e. service life)
Y = GFCF
The results yield:
CFC = (Y[t-X] + Y[t-(X-1)] + Y[t-(X-2)] + ... + Y[t]) / X
Table 3: Example of a straight line method based on a 5-year service life asset
Years
Y1
GFCF
250
GFCF
Y2
Y3
Y4
500
GFCF
600
GFCF
700
GFCF
1000
Total
250
500
600
700
1000
Years
Y1
Y2
Y3
Y4
Y5
CFC
50
50
50
50
50
100
100
100
100
120
120
120
140
140
CFC
CFC
CFC
CFC
Total
QB March 2011
Y5
200
50
150
270
410
610
CONCLUSION
Thank you
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