GOVERNMENT FINANCE STATISTICS YEARBOOK ©International Monetary Fund Not for Redistribution GOVERNMENT FINANCE STATISTICS YEARBOOK Vol XXXI, 2007 Prepared by the IMF Statistics Department Robert W Edwards, Director For information related to this publication, please: fax the Statistics Department at (202) 623-6460, or write Statistics Department International Monetary Fund Washington, D.C 20431 or e-mail your query to StatisticsQuery@imf.org For copyright inquiries, please fax the Editorial Division at (202) 623-6579 For purchases only, please contact Publication Services (see information below) Copyright © 2007, International Monetary Fund Address orders to: International Monetary Fund Attention: Publication Services Washington, D.C 20431 U.S.A Telephone: (202) 623-7430 Telefax: (202) 623-7201 E-mail: publications@imf.org Internet: http://www.imf.org ISSN 0250-7374 ISBN 978-1-58906-658-8 Recycled paper ©International Monetary Fund Not for Redistribution INTERNATIONAL MONETARY FUND Government Finance Statistics Yearbook 2007 ©International Monetary Fund Not for Redistribution SELECTION OF STATISTICAL PUBLICATIONS International Financial Statistics (IFS) Acknowledged as a standard source of statistics on all aspects of international and domestic finance, IFS publishes, for most countries of the world, current data on exchange rates, international liquidity, international banking, money and banking, interest rates, prices, production, international transactions (including balance of payments and international investment position), government finance, and national accounts Information is presented in tables for specific countries and in tables for area and world aggregates IFS is published monthly and annually Price: Subscription price is US$695 a year (US$445 to university faculty and students) for twelve monthly issues and the yearbook Single copy price is US$89 for a monthly issue and US$145 for a yearbook issue Balance of Payments Statistics Yearbook (BOPSY) Issued in three parts, this annual publication contains balance of payments and international investment position data Part provides detailed tables on balance of payments statistics for approximately 171 countries and international investment position data for 111 countries Part presents tables of regional and world totals of major balance of payments components Part contains descriptions of methodologies, compilation practices, and data sources used by reporting countries Price: US$129 Direction of Trade Statistics (DOTS) Quarterly issues of this publication provide, for 158 countries, tables with current data (or estimates) on the value of imports from and exports to their most important trading partners In addition, similar summary tables for the world, industrial countries, and developing countries are included The yearbook provides, for the most recent seven years, detailed trade data by country for approximately 182 countries, the world, and major areas Price: Subscription price is US$209 a year (US$179 to university faculty and students) for the quarterly issues and the yearbook Price for a quarterly issue only is US$34, the yearbook only is US$92, and a guide only is US$12.50 Government Finance Statistics Yearbook (GFSY) This annual publication provides detailed data on transactions in revenue, expense, net acquisition of assets and liabilities, other economic flows, and balances of assets and liabilities of general government and its subsectors The data are compiled according to the framework of the 2001 Government Finance Statistics Manual, which provides for several summary measures of government fiscal performance Price: US$94 CD-ROM Subscriptions International Financial Statistics (IFS), Balance of Payments Statistics (BOPS), Direction of Trade Statistics (DOTS), and Government Finance Statistics (GFS) are available on CD-ROM by annual subscription The CD-ROMs incorporate a Windows-based browser facility, as well as a flat file of the database in 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the International Financial Statistics (IFS) database through an easy-to-use online service The IFS database contains time series data beginning in 1948 The browser software provides a familiar and easy-touse Windows interface for browsing the database, selecting series of interest, displaying the selected series in a spreadsheet format, and saving the selected series for transfer to other software systems, such as Microsoft Excel® Single user license price for the IFS Online Service is $575, and $345 for academic users Dependent on certain criteria, a range of scaled discounts is available For full details of qualification for these discounts and online payment, please visit http://www.imfstatistics.org or email us directly at publications@imf.org Address orders to Publication Services, IMF, Washington, DC 20431, USA Telephone: (202) 623-7430 Telefax: (202) 623-7201 E-mail: publications@imf.org Internet: http://www.imf.org Note: Prices include the cost of delivery by surface mail Expedited delivery is available for an additional charge ©International Monetary Fund Not for Redistribution CONTENTS PREFACE vii ANNEX I HIGHLIGHTS OF THE GFSM 2001 FRAMEWORK xi ANNEX II CLASSIFICATION OF HISTORICAL GFSM 1986 DATA IN THE GFSM 2001 FRAMEWORK xvii GUIDE TO COUNTRTY TABLES .xxi TABLE A: Sector and Data Availability TABLE B: Basis of Recording of Latest Year Reported World Tables Table W1 Main Balances: General and Central Government Table W2 Other Balances: General and Central Government Table W3 Major Categories: General and Central Government 12 Table W4 Revenue Categories: General and Central Government 17 Table W5 Expense Categories: General and Central Government 22 Table W6 Outlays by Function: General and Central Government 27 Country Tables Afghanistan, Islamic Republic of .34 Albania .38 Algeria 41 Argentina 44 Armenia, Republic of 47 Australia .50 Austria 55 Bahamas, The .59 Bahrain, Kingdom of 63 Bangladesh 67 Barbados .70 Belarus 73 Belgium 76 Benin 80 Bhutan 82 Bolivia 86 Bosnia and Herzegovina .89 Bulgaria 92 Burkina Faso .95 Cambodia 98 Canada 101 Central African Republic 105 Chile 107 China, P.R.: Mainland 110 China, P.R.: Hong Kong 113 China,P.R.:Macao 119 Colombia 122 Congo, Democratic Republic of .128 Congo, Republic of 131 Costa Rica 134 Côte d'Ivoire .137 Croatia 141 Cyprus 144 Czech Republic 148 Denmark 152 Dominican Republic 157 Egypt 159 El Salvador .162 Estonia 167 Ethiopia 171 Fiji .174 Finland 177 France .181 Georgia .185 Germany 189 Ghana 192 Greece .195 Guatemala 199 Honduras 203 Hungary 206 Iceland 210 India 214 Indonesia 218 Iran, Islamic Republic of 222 Ireland 225 Israel 229 Italy 232 Jamaica 236 Japan 240 Jordan 245 Kazakhstan 249 Kenya 253 Korea, Republic of 256 Kuwait 259 Kyrgyz Republic 262 Latvia 265 Lebanon 268 Lesotho 271 Lithuania 274 Luxembourg 280 Madagascar 285 Malaysia 288 Maldives 291 Mali 295 Malta 298 Mauritius 303 Mexico 307 Moldova 311 Mongolia 315 Morocco 320 Myanmar 323 Namibia 325 Nepal 328 Netherlands 331 New Zealand 335 Nicaragua 340 Norway 343 Oman 348 Pakistan 352 Panama 355 Papua New Guinea 358 Paraguay 362 Peru 365 Philippines 368 Poland 372 Portugal 377 Qatar 381 Romania 384 Russian Federation 387 St Kitts and Nevis 393 St Vincent and the Grenadines 396 San Marino 398 Senegal 401 Serbia and Montenegro 405 Seychelles 407 Sierra Leone 410 Singapore 412 Slovak Republic 416 Slovenia 422 South Africa 425 Spain 428 Sri Lanka 431 Swaziland 435 Sweden 438 Switzerland 442 Tajikistan 446 Thailand 449 Togo 454 Trinidad and Tobago 457 Tunisia 460 Turkey 464 Uganda 468 Ukraine 471 United Kingdom 475 United States 479 Uruguay 483 Venezuela, República Bolivariana de 487 Vietnam 490 West Bank and Gaza 493 Zambia 496 Institutional Tables Afghanistan, Islamic Republic of 501 Albania 501 Algeria 501 Argentina 502 Armenia, Republic of 502 Australia 502 Austria 503 Bahamas, The 503 Bahrain, Kingdom of 503 Bangladesh 504 Barbados 504 Belarus 504 Belgium 505 Benin 505 Bhutan 506 Bolivia 506 Bosnia and Herzegovina 506 Bulgaria 507 Burkina Faso 507 Cambodia 508 Canada 508 Central African Republic 509 Chile 509 China, P.R.: Mainland 510 China, P.R.: Hong Kong 510 China,P.R.:Macao 510 Colombia 511 Congo, Democratic Republic of 511 Congo, Republic of 512 Costa Rica 512 Côte d'Ivoire 512 Croatia 513 Cyprus 513 Czech Republic 514 Denmark 514 Dominican Republic 515 Egypt 515 El Salvador 515 Estonia 516 Ethiopia 516 Fiji 517 Finland 517 France 518 Georgia 518 Germany 519 Ghana 519 Greece 519 Guatemala 520 Honduras 520 Hungary 521 Iceland 521 India 522 Indonesia 522 Iran, Islamic Republic of 522 Ireland 523 Israel 523 Italy 524 Jamaica 524 Japan 525 Jordan 525 Kazakhstan 525 Kenya 526 Korea, Republic of 526 Kuwait 526 Kyrgyz Republic 527 Latvia 527 Lebanon 528 Lesotho 528 Lithuania 528 Luxembourg 529 Madagascar 529 Malaysia 530 “Country” in this publication does not always refer to a territorial entity that is a state as understood by international law and practice; the term also covers the euro area and some nonsovereign territorial entities, for which statistical data are provided internationally on a separate basis 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution v Maldives 530 Mali 530 Malta 531 Mauritius 531 Mexico 531 Moldova 532 Mongolia 532 Morocco 533 Myanmar 533 Namibia 534 Nepal 534 Netherlands 534 New Zealand 535 Nicaragua 536 Norway 536 Oman 537 Pakistan 537 Panama 537 Papua New Guinea 538 Paraguay 538 Peru 538 Philippines 539 Poland .539 Portugal .540 Qatar 541 Romania 541 Russian Federation 542 St Kitts and Nevis 543 St Vincent and the Grenadines 543 San Marino .543 Senegal 544 Serbia and Montenegro .544 Seychelles 544 Sierra Leone 545 Singapore 545 Slovak Republic 546 Slovenia 546 South Africa 547 Spain 548 Sri Lanka 548 Swaziland 548 Sweden 549 Switzerland 549 Tajikistan 550 Thailand 550 Togo 551 Trinidad and Tobago 551 Tunisia 552 Turkey 552 Uganda 553 Ukraine 553 United Kingdom 554 United States 554 Uruguay 554 Venezuela, República Bolivariana de 555 Vietnam 555 West Bank and Gaza 556 Zambia 556 “Country” in this publication does not always refer to a territorial entity that is a state as understood by international law and practice; the term also covers the euro area and some nonsovereign territorial entities, for which statistical data are provided internationally on a separate basis vi 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution PREFACE The 2007 Government Finance Statistics Yearbook (GFS Yearbook) contains detailed data on revenue, expense, transactions in assets and liabilities, and stocks of assets and liabilities of general government and its subsectors Data are presented in world and country tables for all reporting countries in the framework of the Government Finance Statistics Manual, 2001 (GFSM 2001).1 Corresponding metadata are provided in country specific institutional tables The GFS Yearbook is supplemented by the presentation of subannual GFS according to the GFSM 2001 framework in International Financial Statistics (IFS) The IFS presents the Statement of Government Operations and Balance Sheet information, where available, and/or a Statement of Sources and Uses of Cash These subannual data, published with quarterly or monthly periodicity, provide timely indicators of the fiscal stance of the sector(s) reported The presentation of these data represents a significant step forward in the worldwide effort to improve the comprehensiveness and transparency of the government finance statistics (GFS) The GFSM 2001 analytic framework, though conceived from an accrual perspective, can be used to present data generated by a variety of accounting practices Data are summarized in the Statement of Government Operations for countries reporting noncash data (e.g., accrual data) or a mixture of cash and noncash data, for some or all subsectors of general government Additionally, the Statement of Sources and Uses of Cash is presented for countries reporting cash data for some or all subsectors of general government, as relevant The GFS Yearbook also presents balance sheet information that integrates transactions with other economic flows and generates stock positions for government assets and liabilities, appropriate for fiscal policy analysis (see Box 1) Annex I to this preface further illustrates the salient features of the GFSM 2001 In addition, the concepts and principles set out in the GFSM 2001 are harmonized with the other macroeconomic statistical standards2 to facilitate consistency of statistical analysis, including the Balance Sheet Approach The remainder of this preface elaborates on the composition of the world, country, and institutional tables, the symbols and conventions, and the enhanced GFS Database and Browser on CD-ROM (1990–present in GFSM 2001 format) World, Country, and Institutional Tables gross domestic product (GDP) The world tables are supported by a set of detailed country tables that incorporate an integrated classification coding system of stocks and flows.3 Country tables To facilitate international comparisons, the GFSM 2001 emphasizes the presentation of fiscal data for the general government sector, which should be uniformly defined across countries consistent with the System of National Accounts 1993 definition of the general government sector The central and general government sectors are shown for each country in the hard copy edition of the GFS Yearbook In addition, two other subsectors are shown on the basis of the institutional structure of the particular country, that is, based on the subsectors that exist Data reported for the latest three years are presented in the hard copy of the GFS Yearbook Data for all reported subsectors, as relevant, are shown on the GFS Database and Browser on CD-ROM (1990–present in GFSM 2001 format).4 If no data are available for the published subsectors for a specific detailed classification table or summary statement, only the statement or table headings are presented in the hard copy of the GFS Yearbook Table A of the Guide to Country Tables indicates the sectors and years for which data are available—hard copy and CD-ROM—for each country Table B of the Guide to Country Tables indicates the current accounting basis for compiling the data in the individual country tables for each reported subsector of general government The basis of recording of the data in the individual country tables is identified as cash or noncash, where the latter encompasses any recording basis other than cash (including accrual) For countries that report noncash data for all or some subsectors of general government, all statements and detailed tables are presented, where available.5 For countries reporting data on a cash basis, data are presented only in the Statement of Sources and Uses of Cash—in summary form—and in the corresponding detailed tables (Tables 1-3 and 6-8), as relevant It should be noted that, owing to the non-availability of data on the consumption of fixed capital, the net operating balance (change in net worth due to transactions including consumption of fixed capital) is not published for some countries that report data on a noncash basis World tables The GFS Yearbook world tables provide cross-country comparisons of data for general and central government showing the main GFSM 2001 aggregates as a percentage of 1The text of the GFSM 2001 is on the IMF website: http://www.imf.org/ external/np/sta/index.htm 2System of National Accounts 1993; Balance of Payments Manual, fifth edition, 1993; and Monetary and Financial Statistics Manual 2000 The detailed classification tables are presented in Appendix of the Government Finance Statistics Manual 2001 In the GFS database, all historic data from 1990 onward were reclassified from the GFSM 1986 framework to the GFSM 2001 framework 5EU country tables reported through Eurostat not include a Statement of Sources and Uses of Cash because the European System of Accounts 1995 source data not provide this information 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution vii Box The GFSM 2001 Statements and Core Balances The Statement of Government Operations (GFS Yearbook) records transactions on an accrual basis The statement distinguishes between the following transactions: Revenue Transactions that increase net worth Expense Transactions that reduce net worth Net acquisitions of nonfinancial assets Transactions that affect the stock of nonfinancial assets, without changing net worth (acquisitions minus disposals) Financing Transactions that affect the stock of financial assets and liabilities, without changing net worth (net acquisition of financial assets minus net incurrence of liabilities) The analysis of government operations is supported by two key fiscal indicators: Operating balance Summary measure of the effects of revenue and expense transactions on net worth Net operating balance (NOB) equals revenue minus expense The gross operating balance (GOB) equals revenue minus expense other than consumption of fixed capital 1/ Net lending/borrowing Represents the financial resources that the government absorbs from, or releases to, other sectors of the economy It is calculated as the NOB minus the net acquisition of nonfinancial assets Net lending/borrowing is also equal to the net acquisition of financial assets minus net incurrence of liabilities The Integrated Balance sheet (GFS CD-ROM), focuses on an assessment of the sustainability of government operations from a fiscal perspective It shows the government’s net worth at the beginning and end of each fiscal year, as well as the related transactions and other economic flows The sustainability of fiscal policy depends in part on how the government’s net worth changes over time Changes in net worth can be explained not only by government transactions but also by other economic flows attributable to gains or losses resulting from changes in the prices of assets and liabilities, as well as other changes in their volume Net worth The total stock of assets minus liabilities The net worth in period (t) can also be calculated as the net worth of the previous period (t-1), plus changes in net worth in period (t) due to transactions (the NOB), plus changes in net worth in period (t) due to other economic flows Net financial worth The stock of financial assets minus liabilities The Statement of Sources and Uses of Cash (GFS Yearbook) shows purely cash flows associated with revenue and expense transactions and transactions in nonfinancial assets, which yields the cash surplus/deficit The assessment of the government’s level of cash holdings (liquidity) and its determinants is a key element in analyzing interrelationships with monetary policy Cash surplus/deficit Net cash inflow from operating activities minus the net cash outflow from investments in nonfinancial assets 1/ The NOB/GOB excludes the net acquisition of nonfinancial assets The latter does not affect net worth because it represents only an accumulation of assets in exchange for an accumulation of liabilities or use of exit assets viii 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution Users should exercise caution when making country comparisons using the Classification of the Functions of Government (Table 7), insofar as the definition of outlays may be different between countries or over time The GFSM 2001 framework defines outlays by function of government (COFOG) as the sum of expense and the net acquisition of nonfiancial assets This is a change from the definition of outlays under the GFSM 1986, which defined outlays as the sum of expense and gross acquisition of nonfinancial assets Outlays in Table may be defined in either way, depending on the reporting country Institutional tables For each country, a standardized institutional table describes the structure of the general government sector and provides data coverage details and information on accounting practices In addition, where countries have introduced GFSM 2001 implementation plans, the institutional table describes them if, reported Breaks in the comparability of time series from 1990 onward are also explained Symbols, Conventions, and Statistical Adjustment The following symbols and conventions are used throughout the GFS Yearbook: Captions or subheaders identify the units in which data are expressed Billion means one thousand million A dash (—) indicates that a figure is zero or less than half of a significant digit An ellipsis ( ) indicates the absence of data The letter f denotes forecasted or projected data The letter p denotes data that are preliminary or provisional The symbol † (data cell in blue font on the CD-ROM) marks a break in the comparability of data; that is, data appearing after the symbol not form a consistent time series with those for earlier years Typically, break symbols will appear in the summary statements or detailed tables when, for example, changes have occurred in the coverage and classification of data or when the basis of recording has changed from cash to noncash Break symbols in the time series of individual countries are explained in the coverage note included in the institutional table for that country For data relating to a fiscal year that does not correspond to the calendar year, the country and world tables present the data with reference to the calendar year for which the greatest number of monthly observations exist Unless otherwise indicated, for fiscal years ending June 30 or later, the tables present the data in the calendar year when the fiscal year ends For example, the fiscal year July 1, 2004–June 30, 2005 is shown as calendar year 2005 in the country tables Conversely, for fiscal years ending June 29 or earlier, the tables present the data in the calendar year when the fiscal year begins Changes in fiscal years are indicated by the break symbol † (data cell in blue font on the CD-ROM) Minor differences between published totals and the sum of components are attributable to rounding The GFS Database and Browser on CD-ROM (1990–present in GFSM 2001 format) contains statistical adjustment lines for most aggregates However, only three statistical adjustment lines are in the data presented in the GFS Yearbook: 1) the Statement of Government Operations includes a statistical discrepancy between net lending/borrowing and financing; 2) the Statement of Sources and Uses of Cash includes a line for the statistical discrepancy between the cash surplus/deficit and for financing; and 3) the Classification of the Functions of Government (Table 7) includes a line for the statistical discrepancy between the reported components and total outlays CD-ROM The Government Finance Statistics Database and Browser on CD-ROM (1990–present in GFSM 2001 format), which contains annual time series for all reported subsectors of general government, is issued quarterly and is updated as new data are received Most of the data prior to 2000 reflect reclassified data previously reported by member countries using the GFSM 1986 format Users should exercise caution when comparing data over time because shortcomings have been identified in the data for the years prior to 2000 that have been reclassified according to the GFSM 2001 framework The browser enables users to view and extract data for analytical purposes The browser software is an easy-to-use Windows interface for accessing the database, selecting specific data series, displaying the selected series in a spreadsheet format, and saving the selected series for transfer to other software systems, such as Microsoft Excel Five complementary views are provided for browsing the database contained within the CD-ROM: • a “table view” corresponding to the tables contained within the GFS Yearbook; • an “economic concept view” providing access to simi lar concepts across countries; • a view/search facility based on the structure of the time series codes • a matrix view for enhanced data analysis; and • an integrated balance sheet view An extensive help facility is incorporated into the browser, including a list of frequently-asked-questions (FAQs) For users seeking access to historical data, the Historical Government Finance Statistics Database and Browser on CDROM contains time series for 149 countries from 1972 to 1989, presented in the framework of the GFSM 1986 Users interested in converting the historical series may refer to the document “Classification of GFSM 1986 Data to the GFSM 2001 Framework,” available on the IMF’s website: (http://www.imf.org/external/pubs/ft/gfs/manual/comp.htm) 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution ix 2.5 Property Fund 2.6 Risk Fund 2.7 Self-financing institutions subordinated to ministries Subsector Social security funds 3.1 Health Social Insurance Fund 3.2 State Social Security Budget 3.3 Unemployment Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 Bucharest, 2,827 communes, 41 counties, 103 municipalities, and 211 towns 5.2 Self-financing institutions subordinated to local authorities Data Coverage Data in central government tables cover operations of subsectors 1–3 Data in local government tables cover operations of subsector † From 2002 onward, data are reported on an accrual basis Accrual data are derived from cash data using various methods: tax revenue data are adjusted using time-adjusted cash method; expense data are adjusted using due-for-payments data; and interest payments are calculated on an accrual basis Furthermore, cash data for budgetary central government, extrabudgetary accounts, and social security funds are not comparable, owing to the change in consolidation method Beginning in 2002, the Special Fund for the Development of the Energy System, Special Fund for Public Roads, Special Fund “Romanian Agriculture Development,” and Special Fund “Romania” were included in the state budget, while the Special Fund for Insured Protection was eliminated from general government accounts † From 2000 onward, data for social security funds include the Health Social Insurance Fund † In 1997 and following years, substantial amounts of central government securities were issued in exchange for nonperforming bank claims These transactions, which should be classified both as net acquisition of financial assets from financial institutions and as net incurrence of liabilities to depository corporations (through the net issuance of long-term bonds), are not included in reported data † Prior to 1992, operations of the Unemployment Fund were included under extrabudgetary accounts Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Implement accrual accounting, including new budgetary classifications, in 2006 This institutional table is based on information reported in 2007 Russian Federation 922 Units of General Government Central Government Subsector Budgetary central government 1.1 Chief prosecutor’s office, commissions, constitutional 542 court, federal agencies, federal assembly, high arbitrage court, ministries, president’s office, state committees, and supreme court 1.2 Research units and universities Subsector Extrabudgetary units/entities 2.1 Fund for Scientific Research, Design, and Construction (NIOKR) 2.2 Russian Fund for Technological Development 2.3 Other extrabudgetary units Subsector Social security funds 3.1 Mandatory medical insurance funds—federal and territorial 3.2 Pension Fund of the Russian Federation 3.3 Russian Federation Social Insurance Fund State Governments Subsector State governments 4.1 Regional governments (“subjects”) Local Governments Subsector Local governments 5.1 Local government units Data Coverage Data in central government tables cover operations of subsectors 1–3 Data in state government tables cover operations of subsector Data in local government tables cover operations of subsector † Starting in 2005, data reported in the Statement of Government Operations, Table 4, Table 5, Table 6, and Table are on an accrual basis; while data reported in the Statement of Sources and Uses of Cash, Table 1, Table 2, Table 3, Table 7, and Table are on a cash basis † Starting in 2002, data are on an accrual basis Data through 2001 are on a cash basis † In 2002, federal budget data include the operations of the Ministry of Atomic Energy Fund, and the local government budgets data include the operations of the Territorial Road Funds and the Territorial Ecological Funds † In 2002, the opening balances of budgetary, central government, local governments, and general government liabilities were different from the 2001 closing balances The 2001 closing balances were replaced by 2002 opening balances for publication purposes † For 2001, central and local government extrabudgetary data include a wider coverage of off-budget transactions of budget institutions † Before 2000, local government debt guaranteed by the central government is included under central government debt † From 1999 onward, the budgetary data include transactions of budgetary organizations related to own revenue and its expenditure † For 1998, debt data exclude certain operations on the rescheduling of government debt in the form of securities, which should have been included under internal debt † From 1998 onward, the operations of three additional extrabudgetary funds—the Atomic Energy Ministry Fund, Earmarked Budgetary Fund to Assist Military Reform, and Federal Fund for Replenishment of Mineral and Raw Material Base—are included with budgetary data † From 1995 onward, the operations of six former extrabudgetary funds—the Federal Ecological Fund, Federal Roads Fund, Fund for Development of the Customs System, State Fund for Combating Criminal Activities, Tax Police Fund, and Tax Service Fund—are included with budgetary data 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution Accounting Practices Liquidation or complementary period: Three and one-half months in 1998; none from 1999 onward Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan On January 1, 2005, a single accounting instruction was introduced It is based on the accrual concept and applies to budgets at all levels of the Russian Federation’s budgetary system This institutional table is based on information reported in 2007 St Kitts and Nevis 361 St Vincent and The Grenadines 364 Units of General Government General Government Government departments: Audit department, director of public prosecution’s office, electoral office, governor general’s office, judiciary, ministries, parliament, prime minister’s office, and service commissions Social security funds Local governments Data Coverage Data in general government tables cover operations of components 1–3 Accounting Practices Units of General Government Central Government Subsector Budgetary central government 1.1 Audit; deputy governor general; governor general; ministries (Ministry of Education and Youth; Ministry of Finance, Technology, and Sustainable Development; Ministry of Foreign Affairs, International Trade, Industry, and Commerce; Ministry of Health; Ministry of Housing, Agriculture, Fisheries, and Consumer Affairs; Ministry of Legal Affairs; Ministry of National Security, Justice, Immigration, and Labor; Ministry of Public Works, Utilities, Transport, and Post; Ministry of Social and Community Development and Gender Affairs; Ministry of Tourism, Sports, and Culture); parliament; premier’s ministry; and prime minister’s office Subsector Extrabudgetary units/entities 2.1 National Handicraft and Cottage Industries Development Board 2.2 Tourism Authority 2.3 Trust funds Subsector Social security funds 3.1 Social security fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 Not applicable Data Coverage Data in central government tables cover operations of subsectors 1–3 Data for subsector are included with the budgetary data Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2005 Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2005 San Marino 135 Units of General Government Central Government Subsector Budgetary central government: 1.1 Department of Education, University, Cultural Affairs, and Information 1.2 Department of Finance and Budget Office, Transportation, Relations with the Coin Minting and Stamp Printing Company, and Public Services Company 1.3 Department of Foreign and Political Affairs, Economic Planning, and Justice 1.4 Department of Health, Social Security, Social Affairs, and Equal Opportunities 1.5 Department of Industry, Craftsmanship, Commerce, Telecommunication Services and Economic Cooperation 1.6 Department of Internal Affairs, Relations with the Municipalities, and Civil Protection 1.7 Department of Labor and Cooperation, Tourism, Sport, and Postal Services 1.8 Department of the Territory, Environment, Agriculture, and Relations with the Public Works Company Subsector Extrabudgetary units/entities 2.1 Civil Aviation Authority 2.2 Coin Minting and Stamp Printing Company 2.3 National Olympic Committee 2.4 Public Services Company 2.5 Public Works Company 2.6 State Dairy 2.7 University of San Marino Subsector Social security funds 3.1 Social Security Institute 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 543 State Governments Subsector State governments 4.1 Not applicable Serbia and Montenegro 965 (now 942 and 943, respectively) Local Governments Subsector Local governments 5.1 Not applicable Units of General Government Data Coverage Data in central and general government tables cover operations of subsectors 1–3 † Starting in 2005, data include the financial assets held by general government units as holders of non-life insurance policies Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Fixed assets are valued at historical cost; financial assets and loans are valued at face value GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2006 Senegal 722 Central Government Subsector Budgetary central government 1.1 Budget agencies, judiciary, legislature, ministries, parliament, president’s office, and prime minister’s office Subsector Extrabudgetary units/entities 2.1 Not applicable Subsector Social security funds 3.1 Health Fund 3.2 Labor Market Fund 3.3 Pension Fund State Governments Subsector State governments 4.1 Vojvodina Local Governments Subsector Local governments 5.1 City of Belgrade 5.2 City of Kragujevac 5.3 City of Ni_ 5.4 City of Novi Sad 5.5 141 municipalities Data Coverage Units of General Government Central Government Subsector Budgetary central government 1.1 Economic and Social Council, judiciary, ministries, national assembly, and presidency Subsector Extrabudgetary units/entities 2.1 Administrative government agencies Subsector Social security funds 3.1 Social security fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 Communes (municipalities) and rural districts Data Coverage Data in budgetary central government tables cover operations of subsector (including operations financed by extrabudgetary foreign grants and loans for capital expenditures not recorded in the Treasury accounts) Data in local government tables cover operations of subsector Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2001 544 Data in central government tables cover operations of subsectors 1–3 Data in state government tables cover operations of subsector Data in local government tables cover operations of subsector Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2003 Seychelles 718 Units of General Government Central Government Subsector Budgetary central government 1.1 18 ministries, office of the president (comprising departments), and regulatory bodies Subsector Extrabudgetary units 2.1 Not applicable Subsector Social security funds 3.1 Seychelles Pension Fund 3.2 Social Security Fund 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution State Governments Subsector State governments 4.1 Not applicable 5.5 rural district councils (Koya, Mountain, Waterloo, and York) 5.6 town councils (Bo, Kenema, Koidu, Makeni, and Sherbro Urban District) Local Governments Subsector Local governments 5.1 Not applicable Data Coverage Data Coverage Data in central government tables cover operations of subsectors and 3.2 Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported Accounting Practices GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2007 Sierra Leone Data in budgetary central government tables cover operations of subsector † From 1998 onward, fiscal years end December 31; through 1997, fiscal years end June 30 † From 1991 onward, revenue data include loan repayments, and expense data include lending operations Data on loan repayments and lending operations should be included in the net acquisition of financial assets aggregate but cannot be disaggregated from existing source data 724 Units of General Government Central Government Subsector Budgetary central government 1.1 24 departments headed by ministers and cabinet members, president, and vice president Subsector Extrabudgetary units/entities 2.1 Institute of Education 2.2 Land and Other Development Division 2.3 Milton Margai Cheircher Home 2.4 National Agricultural Research Coordinating Council 2.5 National Authorizing Office 2.6 National Sports Council 2.7 Planning, Evaluation, Monitoring, and Services Unit 2.8 Public Archives 2.9 Rokupr Rice Research Station 2.10 Secretariat for Coordination of National Aid 2.11 Sierra Leone Library Board 2.12 Sierra Leone School for the Blind 2.13 Sierra Leone School for the Deaf 2.14 State-sponsored primary and secondary schools 2.15 teacher-training colleges 2.16 University of Sierra Leone Subsector Social security funds 3.1 Not applicable State Governments Subsector State governments 4.1 Not applicable Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2001 Singapore 576 Units of General Government Central Government Subsector Budgetary central government 1.1 Attorney general’s chambers, audit department, cabinet, judiciary, ministries, parliament, presidency, presidential council, prime minister’s office, and public service commission Subsector Extrabudgetary units/entities 2.1 community development authorities, boards, and councils 2.2 economic affairs and services agencies, boards, and councils 2.3 11 education agencies (including universities and polytechnics) Subsector Social security funds 3.1 Not applicable State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 Not applicable Data Coverage Local Governments Subsector Local governments 5.1 49 chiefdom committees 5.2 12 district councils 5.3 Freetown City Council 5.4 rural area council Data in central government tables cover operations of subsectors and † Full consolidation for the subsectors of central government could not be effected prior to 1994 † Starting in 2005, revenue and expense data for the subsectors budgetary and extrabudgetary central government are presented on a gross basis, consistent with the GFSM 2001 methodology 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 545 Data through 2004 are presented net of grants among these central government units Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported Data in local government tables cover operations of subsector † Data through 2002 are on a cash basis Starting in 2003, data are on an accrual basis Accounting Practices GFSM 2001 Implementation Plan Liquidation or complementary period: None Valuation of assets and liabilities: Face value for domestic debt; end-of-year exchange rates for foreign debt Not reported This institutional table is based on information reported in 2007 Slovak Republic 936 Units of General Government Central Government Subsector Budgetary central government 1.1 Constitutional court, ministries, office of the attorney general, office of the government, office of the national council, office of the ombudsman, office of the president, regional offices established by central government, supreme audit office, and various agencies Subsector Extrabudgetary units/entities 2.1 Central semibudgetary organizations 2.2 Environmental Fund 2.3 Healthcare Oversight Office 2.4 Institute on National Memoirs 2.5 National Nuclear Fund 2.6 National Property Fund 2.7 20 Public Universities 2.8 Slovak Consolidation Agency 2.9 Slovak Land Fund 2.10 Slovak National Centre for the Human Rights 2.11 Slovak Radio 2.12 Slovak Television 2.13 State Fund for Dwelling Development Subsector Social security funds 3.1 Apollo Chemical Health Insurance Company 3.2 Dovera Health Insurance Company 3.3 European Health Insurance Company 3.3 General Health Insurance Company 3.5 Social Insurance Company (obligatory pension and sickness insurance) 3.6 Spolocna Health Insurance Company 3.7 Union Health Insurance Company State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 municipalities and budgetary and semibudgetary organizations established by municipalities (approximately 2,900) 5.2 regions and budgetary and semibudgetary organizations established by regions Data Coverage Data in central government tables cover operations of subsectors 1–3 546 GFSM 2001 Implementation Plan Starting in 2003, data are compiled on an accrual basis, in accordance with the EU Council Regulation No 2223/96 Accrual data are prepared in accordance with the Slovak Republic Accounting Act 431/2001, Regulation of Chart of Accounts and Procedures for Accounting for Budgetary and Semibudgetary Organizations and Municipalities, Social Security Funds, National Property Fund, and nonprofit institutions This institutional table is based on information reported in 2007 Slovenia 961 Units of General Government Central Government Subsector Budgetary central government 1.1 Administrative units (58), constitutional court, court of auditors, government offices, judiciary, ministries and related offices, nonministerial departments, ombudsman, parliament, and president of the Republic Subsector Extrabudgetary central government units/entities 2.1 Ad-futura Science and Education Foundation 2.2 Agency for Energy 2.3 Agency for Public Legal Records and Related Services 2.4 Agency for Radioactive Waste 2.5 Agency for Railways 2.6 Agency for Medicinal Products and Medical Devices of the Republic of Slovenia 2.7 Agency for Telecommunication 2.8 Ecological Development Fund 2.9 Employment Service of Slovenia 2.10 Film Fund 2.11 Fund for Employment of the Disabled 2.12 Guarantee and Alimony Fund 2.13 Kr_ko Nuclear Plant Decommissioning Fund 2.14 Nonprofessional Cultural Activities Fund 2.15 Regional Development Fund 2.16 Restitution Fund 2.17 Slovene Enterprise Fund 2.18 Slovenian Research Agency 2.19 Slovenian Technology Agency 2.20 Succession Fund 2.21 Various other government institutions (316 units) Subsector Social security funds 3.1 Capital Fund 3.2 Health Insurance Fund 3.3 Pension and Disability Insurance Fund State Governments Subsector State governments 4.1 Not applicable 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution Local Governments Subsector Local governments 5.1 193 municipalities 5.2 Other local government institutions (995 units) Data Coverage Data in central government tables cover operations of subsector 1–3 Data in local government tables cover operations of subsector and are based on information from all local governments Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan This institutional table is based on information reported in 2007 South Africa 199 Units of General Government Central Government Subsector Budgetary central government 1.1 National budgetary accounts comprising 34 government departments, standing appropriations, and statutory payments Subsector Extrabudgetary units 2.1 Extrabudgetary accounts of approximately 116 major councils, funds, museums, 22 sector education and training authorities (with effect from 2000), and various other agencies for the development of specific activities 2.2 technikon (college providing advanced technical education) and universities of technology 2.3 16 universities Subsector Social security funds 3.1 Compensation Fund 3.2 Mines and Workmen Compensation Fund 3.3 Road Accident Fund (since 1996) 3.4 South African Social Security Agency (SASSA) (since 2006) 3.5 Unemployment Insurance Fund State Governments Subsector State governments 4.1 provinces (Eastern Cape, Free State, Gauteng, KwaZulu/Natal, Limpopo, Mpumalanga, North West, Northern Cape, and Western Cape) Local Governments Subsector Local governments 5.1 46 district municipalities 5.2 231 local municipalities 5.3 metropolitan municipalities Data Coverage Data in central government tables cover operations of subsectors 1–3 Data in state government tables cover operations of subsector and are based on information from all provincial governments Data in local government tables cover operations of subsector and are based on an annual survey For 2006, cash data are used as a proxy for the accrual extrabudgetary funds’ data, as well as for the accrual social security funds’ data † Starting in 2002, data for extrabudgetary funds are on an accrual basis † In December 2000, local government elections for newly demarcated local governments were held The demarcation process reduced the number of local governments to 283 units Financial reporting on the new structures took effect from July 2001 † Starting in 2000, data for social security funds are on an accrual basis † From 1997 onward, domestic debt data include part of Namibia’s debt, guaranteed by South Africa before Namibia’s independence and subsequently assumed by South Africa † From 1996 onward, local government data are based on the 1996 full census of the new local government structures that include those of the former self-governing territories and independent states From 1996 onward, local government data are provided by Statistics South Africa The data are revised based on an annual census conducted by Statistics South Africa for local governments † From 1996 onward, data for the social security funds include the Road Accident Fund The Multilateral Motor Vehicle Accident Fund, which was a public insurer, was transformed into a social security fund † From 1996 onward, data are classified according to the GFSM 2001 classifications, and the subsectors of central government’s data are presented on a gross basis (i.e., before consolidation) Prior to 1996, the subsectors of central government’s data are presented on a net basis (i.e., after consolidation) As a result, the subsectors of central government, but not central government’s, data are not comparable † Data for 1995 reflect further changes, which also were implemented according to the 1993 constitution, in the composition of government Receipts from certain taxes formerly constituted a portion of the revenue of self-governing territories and independent states (and, in 1994, of the provincial administrations) In 1995, receipts from these taxes became part of budgetary central government revenue Transfers from budgetary central government to the provincial governments were increased correspondingly to compensate for lost revenue and the devolution of further functions to provinces associated with implementation of the 1993 constitution † From 1994 onwards, data reflect changes that were implemented, according to the 1993 constitution, in the composition of government Through 1993, the former Transkei, Bophuthatswana, Venda, Ciskei (TBVC-countries), and selfgoverning territories were treated as extrabudgetary institutions of the central government In 1994, these self-governing territories and independent states were phased out; the number of provinces increased from four to nine; and operations of the self-governing territories and independent states were transferred either to national government or new provincial governments or were abolished Domestic debt data include debt of the former independent states; this debt was assumed, on the basis of section 239 of the 1993 constitution, by the central government Accounting Practices Liquidation or complementary period: Complementary period is seven days after month-end Valuation of assets and liabilities: Liabilities, representing outstanding debt, are valued at face value 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 547 GFSM 2001 Implementation Plan The South African Reserve Bank converted cash GFS data into the GFSM 2001 format in 2003 Starting in 2005, additional non-cash data, as contained in audited financial statements, are included The release of the Public Finance Management Act, Act of 1999 (as amended), lays the foundation for a number of reforms; the Minister of Finance established the Accounting Standards Board as a juristic person to establish generally recognized accounting practices The Minister of Finance will, in due course, determine a date of implementation of Statements of Generally Recognized Accounting Practices Full implementation is regarded as a medium- to long-term project This institutional table is based on information reported in 2007 Spain 184 Units of General Government Central Government Subsector Budgetary central government 1.1 Judiciary, legislature, ministries, and monarchy Subsector Extrabudgetary units/entities 2.1 Government agencies Subsector Social security funds 3.1 Social security funds State Governments Subsector State governments 4.1 17 autonomous communities and several government agencies that belong to these autonomous communities Local Governments Subsector Local governments 5.1 8,000 (approximately) municipalities and other local authorities Data Coverage Data for budgetary central government also cover extrabudgetary central government units and entities Data in central government tables cover operations of subsectors 1(3 Subsector includes the National Mutual Pension Fund for local governments Data for state governments cover operations of subsector Data for local governments cover operations of subsector These data are based on information from all municipalities with populations of more than 5,000 and on a sample of municipalities with populations of fewer than 5,000 Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Spain participates in the Eurostat GFS convergence project with the IMF However, the data for 2004–2006 were reported directly by the country This institutional table is based on information reported in 2004 548 Sri Lanka 524 Units of General Government Central Government Subsector Budgetary central government 1.1 Judiciary, ministries, parliament, and presidency Subsector Extrabudgetary units/entities 2.1 Rubber Control Fund 2.2 Tea Board 2.3 Tea Control Fund Subsector Social security funds 3.1 Not applicable State Governments Subsector State governments 4.1 provincial councils Local Governments Subsector Local governments 5.1 18 municipal councils 5.2 37 urban councils 5.3 256 village councils (pradesheeya sabhas) Data Coverage Data in budgetary central government tables cover operations of subsector Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: Fixed assets at historical cost; loans and bonds at face value GFSM 2001 Implementation Plan A migration path for GFSM 2001 was adopted The State Accounts Department of the Ministry of Finance and Planning is in the process of formulating a strategy to implement this within the next years This institutional table is based on information reported in 2006 Swaziland 734 Units of General Government Central Government Subsector Budgetary central government 1.1 Commissions and ministries, judiciary, office of the king, offices of the prime minister and the deputy prime minister, parliament, and various other agencies Subsector Extrabudgetary units/entities 2.1 Community Development Fund 2.2 Disabled Soldiers and Dependent Fund 2.3 Fairview Township 2.4 Guardian Fund 2.5 Japanese Aid Fund 2.6 King Sobhuza II Memorial Park 2.7 Matsapha Dry Expansion 2.8 Ngwane Park Township 2.9 Police Reward Fund 2.10 Prison Officers’ Reward Fund 2.11 Regional Development Fund 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 2.12 Resettlement Fund 2.13 Sibhimbi Fund 2.14 Special Care Medical Aid Fund 2.15 Strategic Oil Reserve Fund 2.16 Water Relief Fund 2.17 Central Transport Administration 2.18 Commission for Mediation, Arbitration and Conciliation 2.19 Motor Vehicle Accident Fund 2.20 National Agricultural Marketing Board 2.21 National Emergency Response Commission on HIV/AIDS 2.22 Sebenta National Institution 2.23 Small Enterprises Development Company 2.24 Swaziland Cotton Board 2.25 Swaziland Investment Promotion Authority 2.26 Swaziland National Trust Commission 2.27 Swaziland Television Authority 2.28 Swaziland Tourism Authority 2.29 Swaziland Water and Agricultural Development Enterprise 2.30 University of Swaziland Subsector Social security funds 3.1 Not applicable State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 city councils, town councils, and various smaller town boards Data Coverage Data in budgetary central government tables cover operations of subsector Data in extrabudgetary units tables cover operations of units 2.1–2.16 of subsector Data in local government tables cover operations of subsector Accounting Practices Liquidation or complementary period: Up to three months Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2006 Sweden 144 Units of General Government Central Government Subsector Budgetary central government 1.1 Agencies, judiciary, legislature, ministries, and monarchy 1.2 National Debt Office Subsector Extrabudgetary units/entities 2.1 Not applicable Subsector Social security funds 3.1 Pension Fund 3.2 Premium Pension Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 20 county councils 5.2 290 municipalities 5.3 116 municipal associations Data Coverage Data in central government tables cover operations of subsectors and Data in local government tables cover operations of subsector and are based on information from all county councils and municipalities † From 2000 onward, the church is separated from local government † From 1998 onward, the Unemployment Fund is included in the budgetary central government Previously, this fund formed part of social security funds † From 1995 onward, fiscal years end December 31 Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: All assets and liabilities are valued at current market prices GFSM 2001 Implementation Plan Sweden participates in the Eurostat GFS convergence project with the IMF This institutional table is based on information reported in 2005 Switzerland 146 Units of General Government Central Government Subsector Budgetary central government 1.1 Departments, federal assembly, federal council, and judiciary 1.2 Swiss Federal Institutes of Technology 1.3 Public Transport Financing Fund Subsector Extrabudgetary units/entities 2.1 Federal Alcohol Administration Subsector Social security funds 3.1 Social security schemes (compensation fund for loss of earnings for persons on military service and maternity leave, invalidity insurance, old age and dependants’ insurance, and unemployment insurance) State Governments Subsector State governments 4.1 26 cantons Local Governments Subsector Local governments 5.1 communes (approximately 2,800) Data Coverage Data in central government tables cover operations of subsectors 1–3 but partially exclude revenue of subsector 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 549 Data in state government tables cover operations of subsector Data in local government tables cover operations of subsector These data are based on information from approximately 80 percent of local governments and on sample-based estimates for the remainder † From 2002 onward, the coverage of budgetary central government was broadened to include the Swiss Federal Institutes of Technology and the Public Transport Financing Fund Prior to 2002 these units were included in subsector In Table 1, prior to 1991, data on excises levied on imported goods were included in taxes on international trade Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Assets are not reported Liabilities are valued at nominal value GFSM 2001 Implementation Plan Swiss GFS are undergoing a complete conceptual and technical reform In 2007, central government adopted to a large extent the International Public Sector Accounting Standards (IPSAS) The forthcoming accounting model of the cantons and communes will also be based on the IPSAS This will allow Swiss GFS to be largely harmonized with the GFSM 2001 The distinction between transactions and other economic flows will be introduced in 2009 for the central government In 2010, the new national statistical concepts will be available for all subsectors of the general government, and GFSM 2001 will then be implemented on an accrual basis Nevertheless, where the GFSM 2001 deviates from ESA95, the latter will be adopted for the treatment of accounting transactions This institutional table is based on information reported in 2007 Tajikistan 923 Units of General Government Central Government Subsector Budgetary central government 1.1 Budgetary institutions, committees, and government agencies 1.2 Judiciary, ministries, office of the president, office of the prime minister, and parliament Subsector Extrabudgetary units/entities 2.1 Not applicable Subsector Social security funds 3.1 Social Protection Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 autonomous province comprising city and districts 5.2 city comprising districts; also provinces comprising 13 cities and 30 districts 5.3 13 districts and towns Data Coverage Data in central government tables cover operations of subsectors and 550 Data in local government tables cover operations of subsector † The Road Fund, which was included in central government extrabudgetary accounts, was abolished in 2000 † The Tajik ruble (TR) was introduced in May 1995 Starting in November 2000, the somoni (SM) replaced the TR at the rate of SM = TR 1000 Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2001 Thailand 578 Units of General Government Central Government Subsector Budgetary central government 1.1 Administrative courts office, anti-money laundering office, attorney-general’s office, auditor-general office, botanical garden organization, Bureau of the Royal Household, civil aviation training center, constitution court office, election commission of Thailand office, house of representatives secretariat, Institute for Science and Technological Research, justice court office, King Prajadhipok’s Institute, 20 ministries, monarch’s principal private secretary’s office, national Buddhism office, national counter corruption commission office, national human rights commission office, national police office, national research council of Thailand, national science museum, ombudsman’s office, Royal Development Project Board Office, Royal Institute, rubber state organization, Thailand senate secretariat, Thailand sports authority, Thailand tourism authority, and waste water management authority Subsector Extrabudgetary units/entities 2.1 Departmental agencies, comprising Boat Building Training Center, Committee for the Coordination of the Investigation of the Lower Mekong Basin, Fisheries Development Center, Hoop Krapong Community Development Center, National Institution of Metrology, Plant Protection Service Center, public hospitals, public schools, Red Cross Society, Thai Health Promotion Foundation, Thailand Management and Productivity Development Center, 27 universities, Vegetable Seed Research Center, and War Veterans’ Organization 2.2 Education Fund 2.3 Environment Fund 2.4 82 extrabudgetary funds 2.5 Farmers’ Aid Fund 2.6 Fund for Farmers Assistance 2.7 Oil Fund 2.8 Rubber Replanting Aid Fund 2.9 Rural Development Fund 2.10 Students’ Lunch Fund 2.11 Special purpose funds of spending agencies not elsewhere included 2.12 Urban Community Development Fund 2.13 Village and Urban Community Fund 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution Subsector Social security funds 3.1 Social Security Fund 3.2 Workmen’s Compensation Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 Bangkok Metropolitan Administration, 1,141 Municipalities, Pattaya City, 75 Provincial Administrative Organizations, and 6,710 Tambon Administrative Organizations Data Coverage Data in central government tables cover operations of subsector 1, components 2.2–2.13, and subsector Data in local government tables cover operations of subsector † Starting in 2005, budgetary central government and consolidated central government data include consumption of fixed capital † Starting in 2003, extrabudgetary central government and social security funds data are on an accrual basis Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: The outstanding stock of liabilities are valued at face value GFSM 2001 Implementation Plan Currently, Thailand compiles noncash data for general government based on the GFSM 2001 By end–2007, an incomplete financial balance sheet (assets valued at acquisition cost, liabilities valued at face value) will be compiled By end–2008, accrual data will be compiled, including all government equity in public corporations and a consolidated financial balance sheet By end–2010, a complete balance sheet, with nonfinancial assets not yet valued at market prices, will be compiled The implementation dates of valuing assets and liabilities at market prices are beyond 2010 This institutional table is based on information reported in 2007 Togo 742 Units of General Government Central Government Subsector Budgetary central government 1.1 Constitutional court, high authority for media and communications, high council for the magistracy, 30 ministries, national assembly, ombudsman, presidency, and supreme court Subsector Extrabudgetary units/entities 2.1 Administrative Corporation for the Free Zone; Construction and Housing Center; Institute for Technical Advice and Application; National Blood Transfusion Center; National Center for Professional Development; National Fund for Apprenticeship and Professional Development; National Institute for Agricultural Education in Tové; National Institute for Hygiene; National School for Civil Servants; 10 regional hospital centers; Road Maintenance Fund; Special Habitat Development Fund; Togolese Institute for Agricultural Research; Togolese Patent Office; Togolese Printing Office; Tourism Promotion and Development Fund; university hospital centers (Tokoin, Campus, and Kara); University of Kara; and University of Lomé Subsector Social security funds 3.1 National Social Security Fund 3.2 Togolese Retirement Fund (Civil Service Pension Fund) State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 30 municipalities 5.2 30 prefectures 5.3 Public enterprise for the administration of markets 5.4 subprefectures Data Coverage Data in central government tables cover operations of subsector The decentralization law has established regional governments However, these are not yet functional Accounting Practices Liquidation or complementary period: Two months after the end of the fiscal year (applicable to budgetary central government) Valuation of assets and liabilities: Not available GFSM 2001 Implementation Plan A migration plan to implement the GFSM 2001 analytical framework has not been prepared This institutional table is based on data reported for 2007 Trinidad and Tobago 369 Units of General Government Central Government Subsector Budgetary central government 1.1 Auditor general, central administrative services for Tobago, elections and boundaries commission; environmental commission, industrial court, integrity commission, judiciary, ministries (23), office of the prime minister, parliament, personnel department, president, public service appeal board, registration recognition and certification board, salaries review commission, service commissions department, statutory authorities service commission, and tax appeal board Subsector Extrabudgetary units/entities 2.1 Agricultural Society of Trinidad and Tobago 2.2 Airports Authority of Trinidad and Tobago 2.3 Board of Industrial Training 2.4 Chaguaramas Development Authority 2.5 Cipriani Labor College 2.6 Cocoa and Coffee Board 2.7 College of Science, Technology, and Applied Arts 2.8 Institute of Marine Affairs 2.9 Land Settlement Agency 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 551 2.10 Naparima Bowl 2.11 National Agricultural Marketing and Development Company (NAMDEVCO) 2.12 National Carnival Commission 2.13 National Housing Authority 2.14 National Institute of Higher Education (Research, Science, and Technology) 2.15 National Library and Information System (NALIS) 2.16 Port Authority of Trinidad and Tobago 2.17 Princess Elizabeth Home 2.18 Public Transport Service Corporation 2.19 Queens Hall 2.20 Regulated Industries Commission 2.21 Sugar Industry Labor Welfare Fund 2.22 Trinidad and Tobago Association for Hearing Impaired 2.23 Trinidad and Tobago Association for Retarded Children 2.24 Trinidad and Tobago Blind Welfare Association 2.25 Trinidad and Tobago Bureau of Standards 2.26 Trinidad and Tobago Civil Aviation Authority 2.27 Trinidad and Tobago National Commission for United Nations Educational, Scientific, and Cultural Organization 2.28 Trinidad and Tobago Telecommunications Authority 2.29 Water and Sewerage Authority 2.30 Zoological Society of Trinidad and Tobago Subsector Social security funds 3.1 National Insurance Board State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 borough corporations, city corporations, and regional corporations 5.2 Tobago House of Assembly Data Coverage Data in central government tables cover operations of subsectors 1–3 Subsector Social security funds 3.1 National Health Insurance Fund 3.2 National Pension and Social Welfare Fund 3.3 National Social Security Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 24 government councils and 264 municipalities Data Coverage Data in consolidated central government tables cover operations of subsectors and Although the national budget excludes foreign-financed spending and lending for policy purposes, data for budgetary central government include those transactions † From 1994 onward, data for the Old Age, Disability, and Survivor Insurance Fund are included in the accounts of the National Social Security Fund In Table 7, data for outlays on fuel and energy are included in other economic affairs and services categories Accounting Practices Liquidation or complementary period: 20 days for subsectors 1–2 and No complementary period for subsector Valuation of assets and liabilities: Until 1998, outstanding external debt as of December 31 is valued at average annual exchange rates Thereafter, end-of-year exchange rates are used GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2007 Turkey 186 Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported Units of General Government GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2007 Tunisia 744 Units of General Government Central Government Subsector Budgetary central government 1.1 Chamber of councelors, judiciary, 24 ministries, national assembly, presidency, 19 secretariats of state, and secretariat general of the Tunisian government Subsector Extra budgetary units/entities 2.1 Administrative government agencies 2.2 39 economic and social government agencies 552 Central Government Subsector Budgetary central government 1.1 Constitutional court, Grand National Assembly of Turkey, judiciary ministries, presidency, prime ministry, supreme court, and undersecretariats Subsector Extrabudgetary units/entities 2.1 Special budget institutions (mainly universities and high technology institutes) 2.2 Regulatory and supervisory institutions 2.3 Revolving funds Subsector Social security funds 3.1 Social security institutions (4) State Governments Subsector State governments Not applicable Local Governments Subsector Local governments 5.1 3,225 municipalities 5.2 81 provinces 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution Data Coverage Data in budgetary central government tables cover operations of subsector Subsector includes net revenue of revolving funds (component 2.3) Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan The Public Financial Management and Control Law requires that institutional units apply a new accounting system based on accrual principles General government agencies have started to implement this system However, for 2006 a full set of data is only available for Budgetary Central Government According to plan, the statistics for 2007 will also include local government data Data for social security institutions will follow a few years later This institutional table is based on information reported in 2007 Uganda 746 Units of General Government Central Government Subsector Budgetary central government 1.1 50 entities, including agencies, commissions, ministries, parliament, president’s office, prime minister’s office, and state house Subsector Extrabudgetary units/entities 2.1 100 institutions, including district referral hospitals, missions abroad, other semi- autonomous agencies, and universities 2.2 Uganda Revenue Authority Subsector Social security funds 3.1 National social security fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 city council, 79 districts, 13 municipalities, and 77 town councils Data Coverage Data in central government tables cover operations of subsector Data in local government tables cover operations of subsector Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: Not reported Ukraine 926 Units of General Government Central Government Subsector Budgetary central government 1.1 Judiciary, ministries, parliament (Verkhovna Rada), president’s office, state committees, and state bodies for special purposes Subsector Extrabudgetary units/entities 2.1 Not applicable Subsector Social security funds 3.1 Accident, Disease, and Occupation Social Insurance Fund 3.2 Pension Fund 3.3 Temporary Disability Social Insurance Fund 3.4 Unemployment Social Insurance Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 cities (Kyiv and Sevastopol), 24 oblast, republic (Crimea) 5.2 488 districts, 175 municipalities Data Coverage Data of central government cover operations of subsectors and Data of local government cover operations of subsector Data of foreign government debt cover direct government debt and guaranteed government debt † In 1999(2001, privatization receipts were included as part of domestic financing and excluded from net lending minus repayments In 1999, budgetary central government privatization receipts were 694 millions hryvnias, in 2000 they were 2,075.3 millions hryvnias, and in 2001 they were 2,208.0 million hryvnias For local government in 1999–2001, the amounts were 127.8 million hryvnias, 215.7 million hryvnias, and 355.7 million hryvnias, respectively † In 2000, budgetary central government data (Subsector 1) included operations of the Social Insurance Fund (Subsector 3) Starting in 2001 the Social Insurance Fund was liquidated At the same time the Accident, Disease, and Occupation Social Insurance Fund and the Temporary Disability Social Insurance Fund were established and data for these institutions reported under Subsector † In 1996(2000, budgetary central government data (Subsector 1) included operations of the Unemployment Social Insurance Fund (Subsector 3.4) † In 1994(96, budgetary central government data (Subsector 1) included operations of the Pension Fund (Subsector 3.2) Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan GFSM 2001 Implementation Plan Plan to expand data coverage to include extrabudgetary units by end June 2008 This institutional table is based on information reported in 2007 The cash general government data have been compiled according to GFSM 2001 format This institutional table is based on information reported in 2007 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 553 United Kingdom 112 Units of General Government Central Government Subsector Budgetary central government 1.1 Departments, judiciary, ministries, monarchy, national insurance funds, nondepartmental public bodies such as national museums, and parliament Subsector Extrabudgetary units/entities 2.1 143 (approximately) agencies Subsector Social security funds 3.1 National Health Service (not including NHS hospitals that are public corporations) State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 540 (approximately) local councils and local government units Data Coverage Data in central government tables cover operations of subsectors 1–3 Data in local government tables cover operations of subsector and are based on information from all local governments † Data for 2006 are reported through Eurostat Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported 3.4 Federal Supplementary Medical Insurance Fund 3.5 Railroad Retirement Fund 3.6 Unemployment Insurance Fund State Governments Subsector State governments 4.1 50 state governments 4.2 state temporary disability insurance systems namely, California Unemployment Compensation Disability Fund, New Jersey State Disability Benefits, New York Special Fund for Disability Benefits, and Rhode Island Temporary Disability Insurance 4.3 44 state workers’ compensation systems including systems in Arizona, California, Colorado, Idaho, Kentucky, Maryland, Michigan, Minnesota, Montana, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Utah, Washington, West Virginia, Wyoming, and smaller-scale workers’ compensation systems in 25 other states Local Governments Subsector Local governments 5.1 87,525 units of local governments (approximately, and based on the 2002 Census of Governments, which includes 38,967 general purpose governments, 35,052 special district governments, and 13,506 public school systems (out of a total of 15,014) that are not dependent on their state or local government) Data Coverage Data in central government tables cover operations of subsectors 1–3 Data in the state and local government tables cover operations of subsectors and 5, respectively † Starting in 2001, all data are on a calendar year and accrual basis Data through 2000 are on a fiscal year (ending September 30) and cash basis Accounting Practices GFSM 2001 Implementation Plan Not reported The United Kingdom participates in the Eurostat GFS convergence project with the IMF This institutional table is based on information reported in 1999 Liquidation or complementary period: None Valuation of assets and liabilities: Data on government debt (liabilities) and assets are valued at book value (historic cost) for financial liabilities and assets Fixed capital assets are valued at current prices net of depreciation GFSM 2001 Implementation Plan United States 111 Units of General Government Central Government Subsector Budgetary central government 1.1 Congress, departments, judiciary, Environmental Protection Agency, General Services Administration, National Aeronautics and Space Administration, presidency, and 90 smaller boards, councils, and offices 1.2 employee retirement funds namely, Civil Service Retirement and Disability Fund, Foreign Service Retirement and Disability Fund, and Military Retirement Fund 1.3 major transportation trust funds namely, Airport and Airway Trust Fund and Highway Trust Fund Subsector Extrabudgetary units/entities 2.1 Not applicable Subsector Social security funds 3.1 Federal Disability Insurance Fund 3.2 Federal Hospital Insurance Fund 3.3 Federal Old-Age and Survivors Insurance Fund 554 Data from 2001 onwards reflect full movement to calendar-year estimates based on accrual accounting, consistent with the U.S National Income and Product Accounts Data from 2003 onwards include financial transactions (assets and liabilities) estimates derived from the SNA-based Flow of Funds Accounts jointly published by the U.S Federal Reserve Board and Bureau of Economic Analysis in September 2007 Over the next several years, it is planned to research and expand the economic and financial statistics that pertain to the balance-sheet components of the GFS system This institutional table is based on information reported in 2007 Uruguay 298 Units of General Government Central Government Subsector Budgetary central government 1.1 Legislature, ministries, and presidency 1.2 Court of accounts, electoral court, judiciary, and tribunal for administrative disputes 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 1.3 National Administration for Public Education and University of the Republic Subsector Extrabudgetary units/entities 2.1 Various extrabudgetary funds (Fondos de Libre Disponibilidad) Subsector Social security funds 3.1 Social insurance fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 19 departmental governments Local Governments Subsector Local governments 5.1 335 local governments Data Coverage Data in central government tables cover operations of subsector and component 3.4 † From 1998 onward, the Ministry of Finance (Oficina de Estadísticas de Finanzas Públicas) reports the data Earlier data were reported by the Central Bank † For 1990(93, each revenue item has been reported on a cash basis, without including payments in documents For all other years, the amounts paid in documents are included in item adjustment to cash basis with negative sign Data Coverage Accounting Practices Data in central government tables cover operations of subsectors 1–3 Data in local government tables cover operations of subsector However, only financing data are available † From 2003 onwards, detailed data included in Table Outlays by Functions of Government are reported on an accrual basis, while Total Outlays (code 7) remained on a cash basis to ensure internal consistency of the dataset The discrepancy between accrual and cash data for total outlays is reported in the statistical discrepancy line of Table † In 1999 a new integrated financial information system (SIIF) began operating, which provides more complete and detailed data Furthermore, new budget classifications were introduced Accounting Practices Liquidation or complementary period: None Valuation of assets and liabilities: Assets are recorded on historical value, and liabilities at face value GFSM 2001 Implementation Plan The compiling office is preparing an implementation plan, which includes an evaluation of the resources needed This institutional table is based on information reported in 2006 Vietnam GFSM 2001 Implementation Plan 582 Units of General Government Not reported This institutional table is based on information reported in 2007 República Bolivariana de Venezuela Liquidation or complementary period: The fiscal year ends December 31 of each year However, the budgetary execution for the budgetary central government includes the 12 months of the corresponding year and 12 additional months from the following year In that period no new expenditure commitments are allowed; only payments of prior commitments that were not canceled within the fiscal year are allowed Valuation of assets and liabilities: Not reported 299 Units of General Government Central Government Subsector Budgetary central government 1.1 Attorney general’s office, comptroller general’s office, judiciary, ministries, national assembly, national electoral council, national superintendence of internal audit, office of the people’s defender, office of the public prosecutor, presidency, supreme court, vice presidency Subsector Extrabudgetary units/entities 2.1 352 decentralized administrative entities Subsector Social Security Funds 3.1 Armed Forces Social Security Institute 3.2 Ministry of Education Personnel Social Security Institute 3.3 Technical Staff of the Judiciary Police Social Security Institute 3.4 Venezuelan Institute of Social Security State Governments Subsector State governments 4.1 24 state governments Central Government Subsector Budgetary central government 1.1 Agencies, bureaus, institutes, ministries, national assembly, and office of the prime minister Subsector Extrabudgetary units/entities 2.1 Export Support Fund (formerly the Price Stabilization Fund) 2.2 National Development Support Fund 2.3 Reforestation Program lending Fund 2.4 Restructuring Support Fund 2.5 Sinking Fund Subsector Social security funds 3.1 General Security Fund 3.2 Health Fund State Governments Subsector State governments 4.1 Not applicable Local Governments Subsector Local governments 5.1 Commune governments for 10,500 communes, district towns, and wards 5.2 District government for 598 districts 5.3 Provincial governments for 61 provinces 5.4 Various funds at the local government level 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution 555 Data Coverage GFSM 2001 Implementation Plan Data in the general government tables cover the operations of subsectors and (5.1, 5.2, and 5.3) Not reported This institutional table is based on information reported in 2007 Accounting Practices Zambia Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported Units of General Government GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 2001 West Bank and Gaza 487 Units of General Government Central Government Subsector Budgetary central government 1.1 Ministries, parliament, and president’s office Subsector Extrabudgetary units/entities (not included in reported data) 2.1 Palestinian Central Bureau of Statistics 2.2 Palestinian Energy Authority 2.3 Palestinian Water Authority 2.4 Pension fund committee Subsector Social security funds 3.1 Social security fund Central Government Subsector Budgetary central government 1.1 Departments, house of chiefs, judiciary, ministries, national assembly, and presidency Subsector Extrabudgetary units/entities 2.1 Bangwelu Water Transport, Copperbelt University, counterpart funds of budgetary organizations, Government Communication Flight, Government Stores Department, Hostel Board of Management, Industrial Plantations Division, Land Development Services Account, miscellaneous funds, Mweru Water Transport, Prices and Income Commission, special (revolving) funds, state-supported schools, University of Zambia, and Zambia National Tourist Bureau Subsector Social security funds 3.1 Workmen’s Compensation Fund State Governments Subsector State governments 4.1 Not applicable Local Governments State Governments Subsector State governments 4.1 Not applicable Subsector Local governments 5.1 55 district councils Local Governments Subsector Local governments 5.1 428 localities/municipalities and 16 main governorates Data Coverage Data in central government tables cover operations of subsector † Beginning in 2006 transactions are recorded on an accrual basis except for fixed assets Accounting Practices Liquidation or complementary period: Data for at least three months after the end of the fiscal year are included in the previous year’s data Valuation of assets and liabilities: Fixed assets are valued at historical cost; financial assets at market prices 556 754 Data Coverage Data in budgetary central government tables cover operations of subsector Data in local government tables cover operations of subsector Accounting Practices Liquidation or complementary period: Not reported Valuation of assets and liabilities: Not reported GFSM 2001 Implementation Plan Not reported This institutional table is based on information reported in 1997 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution .. .GOVERNMENT FINANCE STATISTICS YEARBOOK ©International Monetary Fund Not for Redistribution GOVERNMENT FINANCE STATISTICS YEARBOOK Vol XXXI, 2007 Prepared by the IMF Statistics Department... vi 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International Monetary Fund Not for Redistribution PREFACE The 2007 Government Finance Statistics Yearbook (GFS Yearbook) ... BA,EA,SS,CG,LG,GG BA 1990 -2007 BA,LG 2005 -2007 698 xxiv Serbia & Montenegro Zimbabwe BA,EA,CG,LG,GG CG,LG 1990-1997 2007, International Monetary Fund : Government Finance Statistics Yearbook ©International