Republic of Belarus: Technical Assistance Report-Work of Mission on Development of Potential in Area of Government Finance Statistics

December 11, 2018

Preview Citation

Format: Chicago

Republic of Belarus: Technical Assistance Report-Work of Mission on Development of Potential in Area of Government Finance Statistics, (USA: International Monetary Fund, 2018) accessed November 9, 2024

Summary

In consultation with the Republic of Belarus Ministry of Finance (MoF), a government finance statistics (GFS) technical assistance (TA) mission from the IMF’s Statistics Department (STA) visited Minsk from November 13 through 24, 2017. The main objective of the mission was to take stock of the progress in government finance statistics in the Republic of Belarus and to provide assistance to the MoF in improving the quality of statistical data. Government finance statistics provide a comprehensive conceptual and accounting framework suitable for the analysis and evaluation of fiscal policy, and in particular the performance of the general government sector of any country. One of the biggest advantages of the introduction of GFS methodology into budgeting is the achievement of consistency in budgeting, financial reporting, and statistics. Use of the same terminology by those engaged in budgeting, reporting, and statistics should ensure common understanding among all of the stakeholders. The comparability of numbers, tables, and accounts is significantly enhanced, which means an improvement in productivity and in the timely availability of data.

Subject: Budget planning and preparation, Economic and financial statistics, Economic sectors, Financial institutions, Government finance statistics, Loans, Public financial management (PFM), Public sector, Securities

Keywords: Accounts payable, Acquisition of financial assets, Budget loan, Budget planning and preparation, Capital transfer, CR, Debt forgiveness, Enterprise, Government finance statistics, Incurrence of liability, ISCR, Loans, National budget, Net incurrence, Public sector, RB budget system, Republic of Belarus GFS, Securities

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/261
Stock No:

1BLREA2018001
ISBN:

9781484373934
ISSN:

1934-7685

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