mongolia : implementation of the 2008 sna
DESCRIPTION
Meeting the expert group on National accounts, Geneva 6-9 May, 2014. MONGOLIA : IMPLEMENTATION OF THE 2008 SNA. B.BADAMTSETSEG Director of Macro Economic and Statistical Department, NSO. CONTENTS. THE 2008 SNA IMPLEMENTATION PLAN CURRENT IMPLEMENTATION STATUS OF 2008 SNA CONCLUSION - PowerPoint PPT PresentationTRANSCRIPT
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MONGOLIA:IMPLEMENTATION OF THE 2008 SNA
B.BADAMTSETSEG Director of Macro Economic and
Statistical Department, NSO
Meeting the expert group on National accounts, Geneva6-9 May, 2014
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CONTENTS
I. THE 2008 SNA IMPLEMENTATION PLAN
II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
III. CONCLUSION
IV. FUTURE ACTIVITIES
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NSDS (2011-2015) approved by Parliament
Action plan (2011-2015) to be approved by Statistical Consul
Annual work plan (yearly basis) approved by NSO chairman
I. THE 2008 SNA IMPLEMENTATION PLAN
The 2008 SNA implementation plan was the integral part of the NSDS
Next round of NSDS 2016-2020: on going process
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I. THE 2008 SNA IMPLEMENTATION PLAN
The 2008 SNA implementation plan was the integral part of the Monstat project.
Component A:Improving policy, regulatory, and institutional framework and the organizational structure of the statistical system;
Component B: Strengthening the statistical infrastructure;
Component C: Upgrading statistical data outputs;
Component D: Preparation of an IT-Plan;
Monstat Project 2009-2014
(World Bank)
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Institutional structure has been set up for implementation of 2008 SNA Inter-agency working group: Composition:
• NSO• Bank of Mongolia• Ministry of Finance• General Custom Administration Office
Objectives of the working group:• to study changes of SNA 1993 to ensure integration and harmony
between 2008 SNA, BPM6 and GFS• to implement 2008 SNA recommendations• to create necessary data sources.
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Statistical infrastructure was improved• Systematic revision of data questionnaires and creation of data sources for
compilation of annual SUT.• Technological solution enabling automatic updating of BR database based on
GASR.• Introduction of sample survey to economic statistics and start of seasonally
adjusted estimations.
Latest versions of classifications were revised and applied:• ISIC-4.0• CPC-2.0• COICOP• Asset classification
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Methodological foundation was set up for 2008 SNA
Methodologies on:• GDP and GNI estimation • Quarterly GDP estimation • Sector accounts compilation • SUT and IOT compilation • Balance of payment methodology revised based on BPM6
Price statistics was improved • Calculation of Regional CPI
• 2010 base year Industrial production Index
• Calculation of 2010 base year Construction Cost Index
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Related estimations and surveys have been carried out.
Compilation of 2010 SUT, IOT • First time, the results of SUT and IOT were disseminated to users in details;• Some main indicators were compiled according to SNA 2008
recommendations;
Non observed economy survey – 2010
• First time all (N1-N7) fields of NOE were covered.
• Base data of informal sector were created.
• Results of NOE were integrated to the annual GDP estimation.
• The internationally comparative data were collected.
FISIM was estimated using new methodology
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Adapted Global Assessment (UNECE, Eurostat, EFTA, ESCAP) in 2013:• The first country in the Asia-Pacific region.
• Main objectives of AGA are to evaluate NSS as a whole, assess official statistics development and provide insight and recommendations for improving the entire system, operations, statistical activities and related capacities .
Recommendation: • Recommendations were provided as a future direction to further implement
of 2008 SNA .• Recommendations were given to prioritize the 2008 SNA changes and start
to implement more important issues.
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•Basic indicators of GDPLevel 1
•GNI and other primary indicatorsLevel 2•Institutional sector accounts (first step: for all institutional
sectors production accounts, current, capital and financial account)
Level 3
•Institutional sector accounts (intermediate step 1: for all institutional sectors current accounts and capital account)
Level 4
•Institutional sector accounts (intermediate step 2: for all institutional sectors financial accounts)
Level 5
•Other changes of volume accounts and balance sheetLevel 6
Scope of the implementation of the SNA 2008- “Milestone”
II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
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CHANGES IMPLEMENTATION
1 Research and development
Now: R&D falls into the fixed asset classification.
Future: Firstly, to determine whether R&D has return or not. If it has return then it assumed that a statistical unit and output will be estimated by a single unit.
2 Calculation of FISIM
Now: FISIM is distributed to IC and final consumption in the domestic production framework. Future: FISIM will be distributed to export and import.
3 Output of Central bank
Now: We use cost approach by using the formula: output = IC+ compensation + CFC
Future: Identify Central Bank services in 3 groups and estimate output
4 Output of non-life insurance services
Now: Output is calculated by using the following formula: output = insurance premium -insurance claim + other income
Future: NSO will choose a suitable one of 3 approaches for estimating non life-insurance output.
III. CONCLUSION1. The changes to reflect GDP estimation
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CHANGES IMPLEMENTATION
5 Valuation of output for own final use by households
Now: In progress. From the Agr. census result we got more data sources of output for own final use by household of agriculture. Future: Other economic activities will be estimated.
6 Non observed economy Now: Completed.
7 Measurement of storage
Now: In progress.
Future: Separate estimation will be made for storage activity.
8 Weapons system
Now: Weapons system is classified in fixed asset according to the asset classification, hence it is included to the GFCF in GDP by expenditure approach. Future: Estimation will be improved.
9 Consumption of fixed capital
Now: Deprecation rate is used for estimation.
Future: We will introduce PIM method in our 2014-2015 GDP estimation.
III. CONCLUSION1. The changes to reflect GDP estimation (continuation)
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CHANGES IMPLEMENTATION
1 Institutional units and sectors
Now: Business register has been expanded by statistical unit based on the Establishment Census.
Future: Institutional sector’s classification will be revised and approved.
2 Refinement of the treatment and definition of financial instruments and assets
Now: It is reflected in the institutional sector accounts methodology.
Asset classification was revised and approved.
Future: To study about financial instrument. Data source of financial accounts will be applied and financial account will be compiled in experimental base.
3 The scope of transactions concerning government and public sector
Now: Set up inter-agency working group
Future: Plan is to translate GFS 2014, develop national methodology, improve data sources. We will do list of
public sector enterprises and classify them into appropriate
sector.
4Harmonization between concepts and classification of the SNA and BPM6
Now: “ВРM methodology” was revised and approved.
Future: Collaborate with Central Bank to ensure data quality.
III. CONCLUSION2. Other changes
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IV. FUTURE ACTIVITIES
• To formulate activities related to the SNA 2008 implementation and
incorporate into NSDS 2016-2020;
• To compile annual SUT experimentally based;
• To transfer/use Chain index;
• To improve Government Finance Statistics; and
• To compile financial accounts and other changes of volume accounts.
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Tel :(976-11) - 263152 Fax :(976-11) - 324518
Web page : www.nso.mn www.1212.mn
E-Mail : [email protected]
THANK YOU FOR YOUR ATTENTION