Transcript О стратегии Российской Федерации по вопросам

Agenda item 3
Invited paper 16
On strategy of implementation of the updated
System of National Accounts
in the Russian Federation
Irina Masakova
Rosstat
Current situation
System of National Accounts in Russia is based on concepts of
SNA-93.
Deviation from SNA recommendations was caused by :
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Current national classifications that differ from their
international analogues
Features of functioning of certain economy sectors and
Russian legislation
Until 2003 - OKONKh, from 2003- RCKEA.
Production and generation of income accounts
SNA calculations – at the level of 140 groupings of RCKEA
Publication - at the level of RCKEA sections
Until 2007 OKP was used, starting from January 1, 2008 – introduction
of OKPD, harmonized with ISIC
In near future coherent system of value, volume and price indicators
will be created. This will help to broaden the the range of published
indicators by types of activities
In 2005 a classification of institutional units by sectors of economy was
developed
Accounting is performed by sectors: corporations, general government,
non-commercial organizations, serving households, households, rest of
the world
In 2-3 years “corporations” sector will be divided into financial and nonfinancial corporations
Classification of revenue and expenditure
of the state budget of the Russian Federation
Is changing because of:
intention to harmonize national statistical classification with the international
standards on state finance statistics;
needs of public authorities
conversion keys from the budget classification of expenditure by functions of
the general government (COFOG) to categories of the classification by kind of
economic activities
the general government sector accounts for 2005-2006 have been compiled
indicators of production and generation of income accounts have been
compiled according to categories of RCKEA while indicators of expenditure
have been compiled for the first time according to COFOG
Difficulties with Input-Output Tables
 introduction of RCKEA was not accompanied by simultaneous
introduction of the product classification harmonized with it
 current statistical observations did not make it possible to obtain
data needed to establish the structure of intermediate consumption
 In order to ensure compliance of production and use accounts inputoutput tables for 2005 an 2006 were compiled (15 industries and 15
product groupings were distinguished )
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Preparation work on development of basic IOT for 2012 is started
Problems of following SNA-93
recommendations
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evaluation of housing rentals
calculation of Financial Intermediation Services Indirectly
Measured (FISIM).
Valuation of housing rentals
Housing environment:
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former system of financing expenditure on maintenance of dwellings is used
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market of dwellings develops and new methods of their maintenance and its
financing are used
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Expenditure on maintenance of dwellings is partly covered from the state
budget. Some categories of households receive subsidies to finance payments
of rentals
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At present time market rentals can be established only with respect to dwellings
rented out by households to other households, but it is not possible to use
these market prices for remaining dwellings since the lack of the information on
structure of dwelling fund and its qualitative characteristics.
Mixed method for computation of rentals for dwellings .
Calculation of housing services:
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rented dwellings - actual payments of rentals
own private dwellings - maintenance cost
blocks of flats – rentals paid to the companies providing public utilities
and subsidies received.
As the market of dwellings develops and reforms in this area are
carried out methodological principles of valuation of rentals of dwellings
will be revised .
Calculation of FISIM
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Usage of Financial Intermediation Services Indirectly
Measured (FISIM) is considered as intermediate
consumption of a conditional sector output of which
is equal to zero
Current situation
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Entirely new information a technological basis for statistics was
created
Main classifications are harmonized with their international
analogues
Calculation of all the accounts provided by SNA-93 except for
financial account, other changes in volume of assets and
liabilities accounts, revaluation accounts, assets and liabilities
balance
SNA indicators are widely used in macroeconomic analysis and
forecasting. The range of SNA users is considerably increased.
SNA updating process is a natural response to changes that take place
in economic and social spheres in many countries of the world.
In Russia there is an intensive transformation process that take place
in various areas (i.e. privatization of state property, changes in
institutional structure of the economy).
Russia is rapidly integrating in global economy.
But there are some features of transition economy which are still
remain in social security, pension system, insurance and finance.
In these areas transformation processes and establishment of market
economy institutions go very slow and with a sense of fear.
Strategy of introduction of the
updated SNA-93 in Russia
Implementation of the updated SNA will be carried out on
a parallel course with introduction in practice of those
sections of the SNA 1993 which have not been
implemented yet by ROSSTAT.
Flexible approach for decision-making:
Methodological and organizational efforts in improving of source
data system
new-level of interagency cooperation
Analysis of provisions of the updated SNA
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demand on specific types of information from major users of data of
the SNA and, above all, from the bodies of the general government;
relevance of specific provisions of the System to peculiarities in
organization of the economy and the social sphere;
relative importance of individual provisions for raising reliability and
analytical usefulness of indicators;
the need to improve informational base;
availability of resources;
level of interaction with other economic agencies
Priorities
Evaluation of non-observed economy and in particular
informal economy which plays an important role in Russia
Considering expenses on purchasing of durable goods for
military purposes as accumulation
Treatment of of originals and copies of piece of work as
economic assets
Introduction of FISIM by users calculations
Development of accounts by institutional and state
sectors
Long-run prospects
measuring traditional types of illegal activities
studying of capital services concept (participation in
international seminars, discussion on issues of its
implementation).
studying of macroeconomic productivity is very important for
Russia. Preparation to it will be started in near future but its
implementation will require a lot of time.
modification of the formula of computation of output of nonmarket services produced by the government by introduction of
imputed operating surplus on capital (difficult to achieve due to
the lack of adequate data on capital of the government bodies ).
the new formula of output of central banks as the sum of
outputs of non-market and market establishments
(departments) (difficult to implement because of the lack of data
on bank departments costs)
updated concept of output of insurance companies , based on
summing up costs and “normal profit”, calculated on the basis
of prognostic calculations
Practicalities
Refining of theoretical concepts and definitions makes it
possible to improve economic content of the major aggregates,
but their implementation is not always easy to achieve due to
problems with obtaining necessary information
The following could help to implement the updated SNA :
 materials containing practical recommendations on how to
solve a certain problem
 exchange of experience
Implementation of new recommendation will cause a lot of changes in
national accounts data (GDP, GNP, Savings and so on)
There will be changes in dynamics of indicators
The updated SNA should be introduced not as soon on of the SNA
section is applied but by a large blocks, steps in order to decrease the
number of time-series reviews
The starting point for Russia is the development of basic input-output
tables for the year 2012. When developing these table we should
consider all the changes that can take place by that time. After the
development of IOT it is necessary to revise series of GDP and its
main components.