At the request of the Ministry of Economy and Finance (MEF) and in consultation with the Africa Department (AFR) of the International Monetary Fund (IMF), a remote Government Finance Statistics (GFS) mission from the Statistics Department (STA) took place in Madagascar from October 26 to November 13, 2020. The objective of this mission was to continue supporting the authorities in their project to adopt international GFS standards based on the methodology of the Government Finance Statistics Manual 2014 (GFSM 2014) and the Public Sector Debt Statistics Guide (PSDSG) and to improve GFS in general.
staff to report the core information requested.
Prepare the financial balance sheets of the government (budgetary central government).
- A draft balance sheet has been prepared.
December 31, 2019
Source data providers have been identified.
Submit the report form to the IMF Statistics Department.
The completed GFSquestionnaire has been submitted to the Statistics Department.
June 30, 2018
The annual GFS have been reported. Subannual questionnaire completion has begun on an experimental basis
This Technical Assistance Report discusses the findings and recommendations made by the IMF mission about compilation and dissemination of government finance statistics (GFS) in Rwanda. The mission reviewed the roadmap of the interagency GFS technical working group, the structure of the public sector, the GFS compilation process, and the conversion of source data to standard fiscal tables consistent with international standards. The mission fully endorsed the authorities’ work program going forward, and agreed that the step-by-step approach starting with producing solid and credible budgetary central government data. The mission cautioned that increasing frequency and expanding coverage of fiscal reports to include the local government sector and, eventually, the extrabudgetary units, will need to be an iterative process requiring continued determined efforts.
IV. Proposals for the GFSQuestionnaire in the PFM Q4 2020 Progress Report
Asia and Pacific Department of the IMF
Budgetary central government
Balance of Payments
Classification of the Functions of Government
External Sector Statistics
Financial Management Information System
General Department of Budget
General Department of International Cooperation and Debt Management
General Department of National Treasury
At the request of the Ministry of the Economy and Finance (Ministère de l’Économie et des Finances (MEF)) and in consultation with the African Department (AFR) of the International Monetary Fund (IMF), the IMF Statistics Department (STA) carried out a remote mission on government finance statistics (GFS) from November 29–December 10, 2021. The purpose of the mission was to continue to support the Malagasy authorities in their work to adopt international standards of the Government Finance Statistics Manual 2014 (GFSM 2014) for their GFS. The mission would like to thank the Research Directorate (Direction des Études (DE)) of the Directorate General of the Treasury (Direction Générale du Trésor (DGT)) for its close collaboration and more specifically for the timely communication of the required documents, which was essential to the success of the mission given the remote working conditions.
the Budgetary Central Government (Administration Centrale Budgétaire (ACB)) has improved, and:
The communication of statistics to the STA has become a common practice through the completion of the annual GFSquestionnaire related to ACB operations;
The recording of Other Net Treasury Operations (Autres Opérations Nettes du Trésor (AONT)) is now carried out on a gross basis rather than a net basis, which significantly improves the transparency and clarity of these operations. The mission has nonetheless made the DE aware of the concerns of the AFR in relation
Finance Statistics Manual 2014 ( GFSM 2014 ) and the Public Sector Debt Statistics Guide ( PSDSG ) and to improve GFS in general.
2. Since 2016 under the EDDI2 project
1 , the Malagasy authorities have made significant progress in GFS . The quality of data from the budgetary central government has improved, and:
Reporting of GFS to the IMF Statistics Department is routine, and the annual GFSquestionnaire on budgetary central government operations is complete and has been reported to the IMF’s Statistics Department;
The recording of Other
to note that the NSO updated its Microsoft Excel software to the 2016 version, which will better facilitate compilation and file integration . Prior to this update, the compilation was hampered by the loss of functionality and its incompatibility to the STA’s annual GFSquestionnaire from using the outdated version of Microsoft Excel application.
15. The AFS, the primary data source for the GFS compilation, was not available from the FSM Office of the National Public Auditor webpage, for all GG units . The AFS for all GG units is generally available under the
This Technical Assistance paper on the Republic of Madagascar explains the need for the Malagasy authorities to adopt the Government Finance Statistics Manual (GFSM) 2014 concepts, definitions, and methodology as part of the macroeconomic statistics improvement Project. The report recommends that it is important to improve macroeconomic analysis and monitoring of the overall impact of government finances on the country’s economy, something that other public finance ‘figures’ of a budgetary and accounting nature are not intended to do. The report shows that steady progress continues with the preparation of a bridge table between the chart of accounts and the GFSM 2014 classifications. Notable improvements have been made in the presentation of Other Net Treasury Operations, the detailed components of which were identified and can now be presented on a gross basis. Based on the progress made, the prospect of compiling consolidated GFS covering all subsectors of the Malagasy general government in a not-too-distant future is encouraging.
III. Main Legal Provisions on Budgeting, Planning, and Public Finance
National Oil Agency
National Mining Agency
Standard public-private partnership projects
Privately initiated projects without public financial contribution
Budgetary Central Government
Inter-sectorial Commission on Fiscal Statistics
Comptroller General of the Republic