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General Government Accounts in Israel

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Presentation on theme: "General Government Accounts in Israel"— Presentation transcript:

1 General Government Accounts in Israel
Galina Braverman September 2013 Central Bureau of Statistics ISRAEL

2 Macro-economic statistics
Macro- economic statistics department National Accounts Social services accounts General Government Accounts Fixed Capital Formation and National Balance Sheets GDP and uses of resources Balance of Payments Foreign trade Central Bureau of Statistics ISRAEL

3 Central Bureau of Statistics
Methodology Central Bureau of Statistics ISRAEL

4 Institutional coverage
General Government Central Government Budgetary Extra-budgetary Social Security Local Government Central Bureau of Statistics ISRAEL

5 Central Bureau of Statistics
Major outcomes Sequence of SNA accounts for General Government General Government individual and collective consumption expenditure on a quarterly basis GG expenditure by COFOG Annual and quarterly GFS reports Central government debt Central Bureau of Statistics ISRAEL

6 Central Bureau of Statistics
Major outcomes NPISH consumption expenditure DAC ODA statistics to OECD Public Environment protection expenditure SOCX data to OECD Defence cost Central Bureau of Statistics ISRAEL

7 Central Bureau of Statistics
Data coverage GFS Annual GFS report General Government: Table 1 Revenue Table 2 Expense Table 3 Transactions nonfinancial transactions only Statement on Government Operations Table 7: COFOG Quarterly GFS report Budgetary and SS only: Table 1 Revenue Table 2 Expense Table 3 Transactions full Statement on Government Operations Central Bureau of Statistics ISRAEL

8 SNA Current accounts - annual
Local government Social Security Extra-budgetary Budgetary SNA account V Production account Primary distribution of income account Secondary distribution of income account Redistribution of income in kind account Use of income account Central Bureau of Statistics ISRAEL

9 SNA Current accounts - quarterly
Local government Social Security Extra-budgetary Budgetary SNA account V Production account Primary distribution of income account Secondary distribution of income account Redistribution of income in kind account Use of income account Central Bureau of Statistics ISRAEL

10 SNA Accumulation accounts - annual
Local government Social Security Extra-budgetary Budgetary SNA account V Capital account Financial account Other changes in volume of assets account Revaluation account V* Balance sheets *In the National balance sheets framework Central Bureau of Statistics ISRAEL

11 SNA Accumulation accounts - quarterly
Local government Social Security Extra-budgetary Budgetary SNA account GFCF only V Capital account Financial account Other changes in volume of assets account Revaluation account Under development Balance sheets Central Bureau of Statistics ISRAEL

12 Central Bureau of Statistics
Compilation process The data are compiled separately for each unit of General Government: Central government Budgetary government Extrabudgetary government NPI’s (health care funds, universities, education, research, culture, religion and welfare institutions) National Institutions (Jewish agency, National Fund) Compensation fund Local government Local authorities Religious councils Central Bureau of Statistics ISRAEL

13 Compilation process – budgetary government
Detailed analysis of the Accountant General’s reports and Budget provisions (annual and quarterly) Complementary data (annual and quarterly) from the Ministries of Finance and Defence Extended use of administrative data, especially current data from a new database developed in the Ministry of Finance, which includes details on all government transactions based on a new S.A.P ERP system Central Bureau of Statistics ISRAEL

14 Compilation process – Extra-budgetary government
NPI’s - annual NPI surveys and in recent years also satellite accounts for all NPI’s National Institutions – detailed analysis of annual financial reports Quarterly estimates of GG consumption expenditure – use of employment data as reported to National Insurance Institute Central Bureau of Statistics ISRAEL

15 Compilation process – Social Security
Detailed analysis of annual financial reports Detailed analysis of the quarterly data on revenues and expenditures Quarterly estimates of GG consumption expenditure – use of employment data as reported to National Insurance Institute Central Bureau of Statistics ISRAEL

16 Compilation process – Local government
Detailed analysis of annual financial and budget accounts Quarterly estimates of GG consumption expenditure – use of employment data as reported to National Insurance Institute Central Bureau of Statistics ISRAEL

17 Central Bureau of Statistics
Development plans: Financial accounts for local government and NPI’s and then for General Government Full quarterly accounts Minimizing the statistical discrepancies between the financial and non-financial accounts Interest on accrual basis Second level of COFOG Central Bureau of Statistics ISRAEL

18 Central Bureau of Statistics
SNA 2008 implementation Allocation of FISIM Output of Central bank SNA 6.155: “….The collective consumption represented by monetary policy services is recorded as expenditure by general government but government does not incur the costs incurred by the central bank. Therefore a current transfer of the value of the non-market output should be recorded as payable by the central bank and receivable by the general government to cover the purchase of the non-market output of the central bank by government.” Central Bureau of Statistics ISRAEL

19 GG expenditure by type of expenditure 2011
Central Bureau of Statistics ISRAEL

20 GG expenditure by COFOG 2011
Central Bureau of Statistics ISRAEL

21 GG deficit as percent of GDP

22 Central government debt

23 Central Bureau of Statistics
TAK! Thank you! Central Bureau of Statistics ISRAEL


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