Belarus:Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission

Author: International Monetary Fund. Statistics Dept.

Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission

Volume/Issue: Volume 2022 Issue 330

Publication date: October 2022

ISBN: 9798400221712

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , financial accounts , balance sheets , stocks , flows , balance sheet Statistics , IMF's Statistics Department , balance sheet statistics , business accounting data , BelStat staff , accounting data , Financial statements , Fiscal accounting and reporting , Capital account

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Summary

The remote technical assistance (TA) mission provided guidance to the National Statistical Committee of the Republic of Belarus (BelStat) on the preliminary estimates of the Financial Accounts and Balance Sheets (FABS) for 2017. The TA mission assisted with compiling the revaluation and the other changes in volume accounts to give better consistency to the financial flows and stocks and improve the reconciliation process of the FABS. BelStat is in charge of compiling the current accounts for all the institutional sectors and is starting to compile the financial accounts for which important progress has been made. To regularly compile FABS, the mission recommended that BelStat addresses the discrepancies between the net lending/borrowing from the capital and the financial account by incorporating more data sources such as government’s financial stocks and business accounting data. The TA mission also provided guidance on compiling the Financial Intermediation Services Indirectly Measured (FISIM) to get a more consistent estimate. The mission highlighted the progress made and encouraged BelStat to continue working on compiling FABS for 2017 and onwards.