The main orientations, plans and problems when implementing the 2008 SNA in Kyrgyzstan National Statistical Committee Republic of Kyrgyzstan D. Baijumanov. - презентация

1 The main orientations, plans and problems when implementing the 2008 SNA in Kyrgyzstan National Statistical Committee Republic of Kyrgyzstan D. Baijumanov - First Deputy Chairman

2 Contents 1.Main differences between the 2008 SNA and the 1993 SNA 2.Steps for implementing the 2008 SNA 3.SNA Implementation - challenges and barriers

3 Comparison with the 1993 System of National Accounts A. Statistical units activities and the new changes when classifying the institutional sector 1 The production unit, which has mainly a supporting role, should be treated, in some cases, as a separate body 2 Subsidiary companies dont have the status of an institutional unit, unless they are residents of an another country than the country of their parent corporation 3 The Branch of a non-resident unit is considered as a unit 4 More clearance was brought on the residential status of the multi-territorial enterprises 5 Treatment of special-purpose entities

4 Comparison with the 1993 System of National Accounts 6Holding companies are considered as a part of the financial corporations sector 7The company's headquarters must belong to the same institutional sector as most of its subsidiary companies 8A sub-sector for non-profit organizations was introduced 9The definition of financial services was extended 10The financial corporations sector was divided in sub-sectors in order to reflect the new developments in the financial services, markets and instruments

5 - Усовершенствование таблиц «Затраты-Выпуск» (техническая помощь ЦСБ Финляндии) (2010) - Улучшение методологии и методов оценки основных фондов и потребления основного капитала (техническая помощь ЦСБ Финляндии) ( ) - Разработка методологии построения и экспериментальный расчет финансового счета (техническая помощь ЦСБ Финляндии) ( ) - Разработка методологии составления и экспериментальный расчет счетов других изменений в активах (2013) - Разработка методологии составления и Comparison with the 1993 System of National Accounts B. More clarity on activities, including the limits of the production area 11Research activities are not considered as auxillary activities 12Refined method of calculating financial intermediation services indirectly measured (FISIM) 13The production of the central bank was clarified 14Insurances accounting (except for life insurance) was improved Reinsurance is treated similarly to direct insurance 15The assessment method of production of households and corporations for own end-use should include the return on capital

6 ЭТАПЫ ВНЕДРЕНИЯ СНС 2008 Comparison with the 1993 System of National Accounts D. More clarity on assets and fixed capital accumulation and consumption 16The concept of the changing ownership economic law was introduced 17Assets limits were extended after introducing the assets of the R&D activities 18A revised classification of assets was introduced 19Assets limits were extended after introducing expenditures on armaments when calculating the gross capital of the government 20Software computing" assets were modified in order to encompass databases 21Originals and copies are considered as separate products

7 Comparison with the 1993 System of National Accounts 22The concept of financial services was introduced 23The treating of the delays in property right transfer was reviewed 24Prospecting and evaluating of mineral resources 25Land improvements 26Goodwill and marketing assets 27Water resources are treated as assets in some cases 28The assessment of fixed capital consumption should be done following the average prices of the period which is annexed on the index of the consistent quality asset 29The identification of the cultivated biological resources is made on the symmetrical definition of what is a cultivated resource 30The category of Intellectual property products was introduced 31The notion of natural resources renting was introduced 32Accounting on the assets volume changing was updated

8 Торговля; гостиницы и рестораны Данные Налоговой инспекции о выданных патентах Данные о средних показателей по отрасли, полученных путем единовременных наблюдений и путем дополнительных опросов и проверок Данные систематических выборочных обследований всех типов рынков Comparison with the 1993 System of National Accounts E. Improvements of financial tools and assets interpretation and definition 33The agreement on repurchasing stocks, as well as loans and deposits was clarified 34The possibility for workers to buy shares is described 35The processing of non-performing loans is detailed 36The interpretation of the guarantee is detailed 37The processing of indexed stocks is detailed 38The processing of debt instruments indexed on the exchange rate is reviewed 39Flexible evaluation of unlisted shares 40Unallocated gold accounts are considered as financial assets and liabilities

9 Транспорт Данные Государственной транспортной инспекции о количестве технически исправных грузовых и легковых автомобилей Сведения о среднем пробеге, средней загрузке, средних доходах от перевозок грузов и пассажиров Данные специализированных обследований на грузовом и пассажирском автотранспорте Comparison with the 1993 System of National Accounts 41The definitions of monetary gold and gold bars that are used for official reserves were revised 42The commitment to the Special Drawing Right was recognized 43The distinction between deposits and loans was implemented 44Payment services for the loans in stocks and in gold 45Classification of financial assets 46The difference between financial leasing and operating rent on the basis of economic ownership 47The recommendations on pension rights benefits were reviewed

10 Финансовая деятельность Данные Национального банка о количестве обменных бюро, имеющих лицензию на ведение обменных операций Данные о доходах и расходах по юридическим лицам, численности занятых в них Comparison with the 1993 System of National Accounts F. Refinement of activities related to the governmental and the public sector 48The boundary between the private, public and governmental sector was clarified 49The status of the agency specialized on the restructuration was clarified 50The processing of the licenses issued by the State was reviewed 51Public corporations exceptional payments should be considered as withdrawals from the equity 52Governments exceptional payments to quasi-public corporations should be treated as capital transfers

11 Comparison with the 1993 System of National Accounts 54Accrual taxes accounting 55Tax exemptions 56The processing of property right on fixed assets as a result of public-private partnership was clarified 57Taxes on holding gains are still processed as current taxes on income and property

12 Comparison with the 1993 System of National Accounts G. Harmonizing concepts and classifications of the SNA and of the Balance of Payments Management (6th Edition) 58Center of the predominant economic interest as main determinant of the residence of the unit 59Change individuals residence 60The goods sent abroad for processing are counted on the basis of the property right change 61Goods resale abroad

13 The questions on the definitions and concepts when studying the 2008 SNA and achieving settling the 1993 SNA indicators are reflected in the Streamlining and developing program of Kyrgyz republic on state statistics for ", which was approved by Governments Decision Nr. 199, on 30 March Steps of the implementation of the 2008 SNA

14 The Programme reflects the following points: -Implementing in practice the definitions and the concepts of the 2008 SNA by the producers of the National Statistics ( ) -Developing the methodology on determining the holding gains and reserves change (2010) -Improving the methodology for assessing the non-observed economy ( ) -Quarterly produced national accounts (Technical assistance under the TACIS program, Statistics 11) ( ))

15 - Improvement of the tables, "Input-Output" (Technical Assistance Statistics Finland) (2010) - Improvement of the methodology and methods of evaluation of assets and consumption of fixed capital (Technical Assistance Statistics Finland) ( ) - Development of methodology and experimental calculation of the financial account (Technical Assistance Statistics Finland) ( ) - Development of methodology for the calculation and experimental accounts of other changes in assets (2013) - Development of methodology and experimental calculation of the balance sheets (2014) Programs, to be implemented in 2010 to 2011 incorporated in 2012 – in progress.

16 NSC specialists took part in seminars on the implementation of SNA 2008, under the auspices of the UNECE, UNSD, CIS Statistical Committee in 2011 and Based on available resources, and the intentions of technical assistance from international organizations, NSC has prepared a preliminary draft plan for implementing the 2008 SNA, reflecting milestones and checkpoints. It is scheduled up to In addition, individual items of the draft Plan are included in the Statistical Master Plan, prepared on the basis of the Global Assessment of the statistical system, and suggesting technical assistance from the World Bank.

17 Stages of implementation of 2008 SNA. STEP 1 - Overview of national strategic documents to include plans to implement the 2008 SNA 1Identification of the major unsolved problems of the 1993 SNA Introduction to major changes in the SNA 2008 as compared to the 1993 SNA and to assess their importance for the country Identification of the key institutions involved in the collection and production data for the SNA and the conclusion of agreements on cooperation in implementing the 2008 SNA Prioritization of the 2008 SNA, based on the needs of users and resources constantly 5Enabling works on implementation of 2008 SNA in the strategic plan for the development of statistics The adoption of a detailed plan to implement the 2008 SNA for short-, medium-, and / or long-term 2012

18 Stages of implementation of 2008 SNA STEP 2 - Actions necessary to implement the 2008 SNA 7The adoption of new classifications and other improvements in the business register and business statistics Changes in the surveys and questionnaires in business statistics for data collection (constantly) 9Adaptation of administrative data sources to the new requirements IT and other changes (constantly)

19 Stages of implementation of 2008 SNA STEP 3 - Development of national accounts and the transition to 2008 SNA Checkpoint 1. Key figures of GDP Unresolved issues from the 1993 SNA 11 Financial account Scores of other changes in assets Balance sheet accounts Evaluation of financial assets and other non-produced assets Evaluation and adjustment for change in the value of household assets in pension funds Assessing the size of the shadow and informal activities Assessment of the volume of illegal activities Improved methods for evaluating fixed capital formation and consumption of fixed capital using the perpetual inventory method Productivity in the broad sense

20 Stages of implementation of 2008 SNA New issues from the 2008 SNA 20Calculations of financial intermediation services indirectly measured (distribution by institutional sectors of the economy, the production and consumption) Release of central bank The cost of weapons systems Research and development Revise the methodological position of tourism statistics in Kyrgyzstan based on MRST

21 Stages of implementation of 2008 SNA Checkpoint 2. GNI and other primary indicators 25For the rest of the world - the external account of primary income and current transfers, capital account and financial account (BPM 6) Checkpoint 3. The accounts by institutional sector 26For all institutional sectors - Production account For state sector - Generation of income account, allocation of primary income, secondary distribution of income Use of disposable income, Capital and Financial Account For all institutional sectors - Generation of income account, allocation of primary income, secondary distribution of income Use of disposable income and capital For all institutional sectors - Financial account For all institutional sectors - Other changes in assets, balance sheet

22 Implementation of the SNA - Challenges and barriers - Not enough staff and training - Lack of funding - Lack of modern management principles - Weak base of ICT - Basic economic and macro statistics data do not match quality and strategy - Improve data collection and processing of short- term indicators

23 Thank you for your attention!