UID:
almafu_9960178115802883
Format:
1 online resource (34 pages)
ISBN:
1-5135-1890-9
,
1-5135-1891-7
Series Statement:
IMF Staff Country Reports
Content:
This paper on government finance statistics (GFS) mission in Lesotho presents a review of progress against recommendations of previous GFS technical assistance (TA) missions and further assist with improving the quality of GFS currently compiled and disseminated. The mission reviewed progress with implementation of previous GFS TA recommendations and updated the public sector institutional table. The mission reviewed the new compilation methods and noted some improvements with the approach. Accounts payable are now recorded under financing, to bridge the timing difference of commitment basis expenditure. The report explains that the legal and institutional environment is conducive to compiling macroeconomic and financial statistics; the relevance and practical utility of existing macroeconomic and financial statistics are monitored; management processes are in place to monitor the quality of macroeconomic and financial statistics; and institutional integrity, transparency, and ethical practices meet statistical standards. There is still a need to correct recording to distinguish expense from acquisition of financial assets.
Note:
Cover -- CONTENTS -- Glossary -- SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS -- STATUS OF GFS AND PSDS COMPILATION AND DISSEMINATION -- A. Implementation of Recent GFS TA Missions' Recommendations -- B. Institutional Coverage of the Public Sector -- C. GFS Compilation for the Budgetary Central Government -- D. GFS Compilation for the Local Government -- E. GFS Compilation for Extrabudgetary Units -- F. GFS Compilation for the Pension Fund -- G. Revised Chart of Accounts and new IFMIS -- H. PSDS Compilation -- I. Data Dissemination -- DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS -- A. Action Plan for the Improvement of GFS and PSDS Compilation and Dissemination -- B. Officials Met During the Mission -- FIGURES -- 1. Public Sector Institutional Table -- 2. Trends in Fiscal Aggregates -- TABLE -- 1. Priority Recommendations -- APPENDICES -- I. Outstanding Issues/Recommendations from March and November 2016 TA Reports on GFS Missions to Lesotho (status as of January 2019) -- II. Outstanding Issues/Recommendations from April 2018 TA Report on GFS Mission to Lesotho -- III. Summary of Implementation of Past GFS TA Recommendations -- IV. Compilation of GFS from Financial Statements.
Additional Edition:
ISBN 1-5135-1889-5
Language:
English
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