Government Finance Statistics


This course, presented by the IMF’s Statistics Department, focuses on the conceptual framework of government finance statistics (GFS) as presented in the IMF’s Government Finance Statistics Manual 2014 (GFSM 2014, the update of the Government Finance Statistics Manual 2001), as well as on the practical aspects of data compilation. Basic concepts, accounting principles, and detailed classifications are dealt with in the context of the new methodology that is harmonized with the system of national accounts. The course examines the coverage and accounting rules of the GFS framework (including accrual accounting), valuation, classification, debt, balance sheets, and the sources and methods used for compiling the statistics. It also deals with data reporting to the IMF. The course is organized around a series of case studies. 

Course Objectives: Upon completion of the course, participants should be able to: 

• Explain the integrated GFS framework, including its basic concepts, definitions, and accounting principles. 

• Classify basic government flows and stock positions according to the GFSM 2014 classifications. 

• Apply the general principles to classify an entity in the public sector, as well as in the relevant subsectors of the public sector, such as the general government and public corporations.