GOVERNMENT FINANCE STATISTICS IN THE REPUBLIC OF SERBIA

GOVERNMENT FINANCE STATISTICS IN THE REPUBLIC OF SERBIA Vesna Simonović Statistical Office of the Republic of Serbia www. stat. gov. rs stat@stat. gov. rs 1

METHODOLOGICAL FRAMEWORK Ø System of National Accounts 1993 → SNA 2008 Ø European System of Accounts 1995 → ESA 2010 Ø Government Manual Finance Statistics 2

INSTITUTIONAL ARRANGEMENTS Ø Official Statistics Law Ø Memorandum of Cooperation in the Area of Macroeconomic and Financial Statistics Institutions responsible for general government statistics: Ø Ministry of Finance Ø Statistical Office 3

DATA COMPILATION Ø The Ministry of Finance introduced the GFS in 2003 Ø The accounting system for government (budgetary) units based on the GFS recommendations Ø Transactions recorded on cash basis Ø The Ministry of Finance disseminates data monthly in Public Finance Bulletin 4

DATA COMPILATION, cont. Ø Statistical Office compiles general government accounts Ø Data source: budget execution report üConsolidated data üOn the cash basis üGeneral government level only 5

CURRENT SITUATION Ø At the moment, none of the ESA tables regarding general government statistics is submitted to Eurostat Ø On-going IPA 2011 focused on developing tables 2 and 9 6

TABLE 2: MAIN AGGREGATES OF GENERAL GOVERNMENT Ø Delineation of general government units by sub-sectors Ø Bridge tables connecting GFS with ESA categories Ø Backcasting data series to 1995 7

TABLE 9: DETAILED TAX AND SOCIAL CONTRIBUTION RECEIPTS Ø Data source: Gross Payment, Return and Distribution of the Public Revenues Report Ø Backcasting data series to 1995 Ø Data transmission planned for 2014, including National Tax List 8

WAY FORWARD Ø SORS is committed to achieve EU recommendations Ø Goal: ESA transmission programme by 2018 9

Thank you for your attention! www. stat. gov. rs stat@stat. gov. rs 10