Transcript Workshop on National Accounts 6

Presentation Outlines
• Historical perspectives
• Legal provision
• Institutional and organizational settings of
NA mechanism
• IT capacity
• NA Compilation practices
• Ongoing programs
• Future plans
Historical Perspective
• First attempt in 1961/62 by then Ministry of
Economic Planning
• Gap of two years
• Responsibility shifted to CBS
• Continuation after 1964/65
Legal provision
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Statistical act 1958
Status of present Central Bureau of Statistics
Role and responsibility of CBS
Legal provision regarding system of
designated statistics
Institutional and organizational
settings for NA mechanism
• Institutional responsibility for NA
compilation
• Organizational set up
IT capacity
• Personal computers available in NA – for
all staff (9)
• Internet facilities
• Data dissemination by email, CD, website
(www.cbs.gov.np),
NA compilation practices
• GDP predominantly based on Value added
approach
• Separate estimates of expenditure
components except change in stock
• Change in stock: residually estimated
• No explicit statistical discrepancy
• Attempt to produce GDP by income
approach
Compilation Briefs
• Follows SNA 1993
• Link to compilation practices
• Valuation practices
• Output: Basic price
• Intermediate consumption: Purchasers prices
• Price
• PPI/Manufacturing, CPI, WPI and others
• Volume measures
• Benchmark surveys 2004/05
Rebasing and linking practices
• Analytical and Mechanical rereferencing
base year
• 1964/65 – Analytical and First NA series
• 1974/75 – Analytical
• 1984/85 – Analytical
• 1994/95 – Mechanical linking
• 2000/01 - Analytical
Status of 93SNA Implementation
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System design: what
System realization: How
Adoption of boundaries principles
Adoption of valuation principle
Adoption of SNA recommended
classification scheme
Ongoing programmes
• Quarterly National Accounts (QNA)
• Preparation of SUT
• Preparation of accounts (possibly up to
capital accounts)
• Business Inquiry (BI) Panel surveys
• Preparation of Nepal System of
National Accounts( NSNA)
Work in progress
• Preparation of accounts (possibly up to
capital accounts)
• Estimating CE, GFCF by industrial
classification 3
• Preparation of Nepal System of
National Accounts( NSNA)
Big Push
• UN support – Strengthening NA of Nepal
1987
• ADB Support – Strengthening NA System
of Nepal 2005
– Conduction of 35 economic surveys
– Migration to 1993 SNA
– Data assessment for QNA
Future plans
• Public sector account
• Preparation of FISIM compliance with SNA
Challenges faced
• Lack of micro data
• Human resource
Urgency and Support
• Institutionalization of Economic Surveys
and Census
• Sustainability of Household Surveys (i.e.
LSMS, LFS,etc.)
• Trainings
Data assessment for QNA
compilation
Thank You