Task Teams of the GFSM 2014 Update
The work of advancing the research program of the GFSM 2014 Update is being taken forward by four task teams. Each task team will work on a number of research projects. The task teams will be mainly active between January 2025 and June 2026 during which period:
- discussion notes for each project will be prepared and posted for consultation;
- proposed recommendations will be prepared based on feedback on the discussion notes, and these proposed recommendations will also be subject to consultation.
The terms of reference for the task teams can be found here.
Please refer to the separate webpages for information on global consultations and research project documentation.
Task Team 1: GFS Compilation
Research Program
| 2.1 |
Boundary between government and nonfinancial public corporations |
|
2.3 |
Indigenous governments |
|
2.5 |
Treatment of zakat |
|
2.6 |
Defining and subclassifying extrabudgetary units |
|
2.7 |
Government or public nonlife insurance schemes |
|
2.14 |
Treatment of public private partnerships (PPPs) |
|
2.17 |
Boundary between capital and current transfers |
|
2.21 |
Social Security Schemes |
|
2.22 |
Government assumption of pension obligations |
|
2.23 |
Employee benefits – defined benefit schemes |
Task Team 2: Debt and Other Monetary and Financial
Research Program
| 2.2 |
Boundary between government and financial public corporations |
|
2.4 |
Transactions with sovereign wealth funds (SWFs) |
|
2.8 |
Debt valuation issues |
|
2.9 |
Debt assumption and debt payments on behalf of others |
|
2.10 |
Valuation and recognition of loans |
|
2.11 |
Recording of provisions and contingent liabilities |
|
2.12 |
Stock positions and related flows with the IMF and other regional / international organizations |
|
2.13 |
Equity for public corporations |
|
2.15 |
Treatment of capital injections by government into corporations |
|
2.16 |
Treatment of privatization |
Task Team 3: Environmental
Research Program
|
2.18 |
Recording and valuation of infrastructure assets |
|
2.19 |
Accounting for natural resources and their exploitation in GFS |
|
2.20 |
Climate-sustaining and climate-damaging subsidies and other transfers |
|
2.26 |
Presentation of GFS flows related to natural resources |
Task Team 4: Fiscal Analysis & GFS Communication
Research Program
| 2.24 |
A framework for the presentation of GFS metadata |
|
2.25 |
Communicating GFS to users |
|
2.27 |
Relationship between GFS and IPSAS |
|
2.28 |
Tax expenditures, tax deferrals, and other similar incentives |
|
2.29 |
Retained earnings of public corporations and their impact on fiscal analysis |
|
2.30 |
Methodological guidance on compilation and analyzing SOE data |
|
2.31 |
GFS within fiscal analysis and policymaking |
|
2.32 |
Balance sheet analysis |