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Mrs. Sage De Clerck and Tobias Wickens


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.

International Monetary Fund. Statistics Dept.
In coordination with the Republic of Belarus (RB) Ministry of Finance (MF), the latest regular International Monetary Fund (IMF) Statistics Department (STA) mission for providing technical assistance (TA) in the area of government finance statistics (GFS) worked in Minsk November 13–14. That mission’s chief objective was to inventory progress in the area of government finance statistics in the Republic of Belarus since the previous mission and to assist the MF in improving the quality of statistical data. Government finance statistics provide a comprehensive conceptual and accounting basis suitable for the analysis and assessment of fiscal policy, especially the performance of any country’s general government sector (GGS). One of the biggest pluses of implementing GFS methodology in budgeting is achieving coordination among budgeting, financial reporting and statistics. The use of the same terminology by those engaged in budgeting, reporting and statistics guarantees a common understanding among all interested parties. The comparability of numbers, tables and accounts is substantially enhanced, and productivity and the timeliness of data access are thereby increased.
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.