Manual On Government Deficit And Debt

Manual on Government Deficit and Debt

This new edition of the Manual aims to adapt it to the new Manual of national accounts (ESA 2010) which will enter into force on 1st September 2014. Although the latter has taken over many methodological provisions which were already in the MGDD, there are other changes which had to be introduced, such as the sector classification of some entities under government control, the recording of standardised guarantees and the treatment of transfer of pension obligations to government by corporations. This new edition, as usual, is the result of a collective work of reflection, conceptual and textual collaboration, under the responsibility of Eurostat, in cooperation with experts representing EU Member States, the Commission and the European Central Bank. This manual aims to assist the interpretation of the ESA 2010 rules and help their application for appropriately calculating the government deficit and debt.

Manual on Government Deficit and Debt

Government Finance Statistics Manual 2014

The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Government finance statistics are a basis for fiscal analysis and they play a vital role in developing and monitoring sound fiscal programs and in conducting surveillance of economic policies. The Government Finance Statistics Manual 2014 represents a major step forward in clarifying the standards for compiling and presenting fiscal statistics and strengthens the worldwide effort to improve public sector reporting and transparency.