Transcript External Sector and Government Finance Statistics

Public Sector Debt Statistics
Online Centralized Database
OECD Working Party on Financial Statistics
October 24-27, 2011 – Paris
Manik Shrestha
Statistics Department, IMF
The views expressed herein are those of the author and should not be attributed to the IMF, its Executive Board, or its management.
Background
• Public Sector Debt Database
Launched in 2010 with developing, emerging, and some
advanced economies participating
G-20 Data Gap Initiatives Recommendation # 18
• The World Bank, in coordination with IMF, and consulting with other
Inter-Agency Task Force on Finance Statistics, to launch the public
sector debt database in 2010
Intention is to expand to other advanced economies
• Raised in G-20 bilateral visits on data gaps
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Purpose of the Public Sector Debt Statistics
Centralized Database
• The Public Sector Debt Statistics Guide was released in
May 2011 (www.tffs.org/PSDStoc.htm) signed off by
heads of all TFFS agencies.
• The classifications and definitions are harmonized with
those used in other statistical manuals, such as the
System of National Accounts 2008 (SNA2008),
Government Finance Statistics Manual 2001
(GFSM2001), and Balance of Payments and
International Investment Position Manual (BPM6).
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Purpose of the Public Sector Debt Statistics
Centralized Database
• The public sector debt template shows gross debt data
at nominal value and debt securities at market value.
The debt data are disaggregated by maturity, by
instrument, by currency, and by residence of the
creditors.
• The intention is to provide globally comparable data.
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Public Sector Debt Template
Gross debt of [institutional coverage*] at nominal value
Quarterly public sector debt data to be reported to the World Bank database.
By maturity and type of instrument:
Short-term, by original maturity:
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
Long-term, by original maturity:
With payment due in one year or less:
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
With payment due in more than one year:
Special Drawing Rights (SDRs)
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
Total gross debt
Special Drawing Rights (SDRs)
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
By currency of denomination:
Domestic currency denominated
Foreign currency denominated
By residence of the creditor:
Domestic creditors
External creditors
Memorandum item:
Debt securities at market value
* Required in all cases: Central Government. Whenever available: General Government, State and Local Government, Nonfinancial Public Corporations, and
Financial Public Corporations
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Reporting data to the Public Sector Debt Database
• The participation of countries is voluntary. The minimum
requirement is reporting of central government debt by instrument.
• Countries are encouraged to provide tables for other sectors.
Additional breakdowns are also encouraged if these data are
available or can be produced.
• The database frequency is quarterly, but if some components are
only available annually, those data would also be acceptable.
• Currently, 34 countries report data to the public sector debt statistics
database.
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Looking forward
• Use data collected by OECD, Eurostat, and ECB to
develop comparison matrices to show overlaps, so that
countries can re-use existing data series supplied.
• In November 2011, the remaining advanced economies
are to be invited to participate in this database.
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