GENERAL GOVERNMENT

FINANCIAL STATISTICS

Recent Achievements

Present Situation

OUTLINE OF THE PRESENTATION

New Process Initiated By Public Financial Management And Control Law

Harmonization In Terms Of Sectoral Coverage

Harmonization With International Classifications

Compilation of Data Serving as the Basis for Financial Statistics

Efforts to Improve the Data Quality

Present Situation And Challenges

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PUBLIC FINANCIAL MANAGEMENT AND CONTROL LAW

Financial statistics introduced conceptually to the Law at the first time

Transition from consolidated budgetary coverage to the general government

coverage

Transition from cash-based accounting system to accrual- based accounting

system

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HARMONIZATION IN TERMS OF SECTORAL SCOPE

A workshop conducted to determine the coverage of general government

The authority to determine and update the coverage in consultation with

concerned institutions granted to MoF.

The scope foreseen in the international standards put into force by a

General Communiqué

It became a rule to update the scope every 3 years in consultation with

concerned institutions

The same scope now applicable for preparation of GFS (IMF), EDP and ESA

Tables (EUROSTAT) 4

HARMONIZATION WITH INTERNATIONAL CLASSIFICATIONS

Application of analytical budget classification

Economic, functional, institutional, financing classification

Conversion of the codes on detailed chart of accounts to ESA Codes

Conversion of the codes on detailed chart of accounts to GFS Codes

Regular revision of bridge tables

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COMPILATION OF DATA SERVING AS THE BASIS FOR FINANCIAL STATISTICS

General Government Financial Statistics System (GGFSS)

All datas based on administrative records.

1000 Municipalities, 53 Special Provincial Administrations

1009 Unions of Local Administrations, 33 Municipality Affiliates

26 Development Agencies

Extra-budgetary funds, social security institutions, and others accounting

records-based data on revenues, expenditures, assets, liabilities and

equity

Data compilation on monthly and quarterly basis 6

EFFORTS TO IMPROVE DATA QUALITY

Reviews made by MoF

Public financial statistics audit reports prepared by Turkish Court of

Accounts and submitted to the Grand National Assembly

Automatic controls introduced to the General Government Financial

Statistics System (GGFSS) in line the findings of the reviews and audits

Financial statistics trainings provided to the concerned institutions

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I

PRESENT SITUATION

General government scope harmonized with international standards such as

GFSM, ESA and SNA

Coverage revised every 3 years

Administrative records based on accrual-based accounting system

Dissemination of quarterly financial statistics in line with international

practice

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PRESENT SITUATION

Financial statistics are determined with General Government Accounting

Regulations at the first time. That is;

Financial statistics are consolidated tables which generate imformation

regarding to general government sector units’ s revenue, expense, asset,

liability and equity and are formulated based on the statistical principles.

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I

PRESENT SITUATION

In 2015, General Government Accounting Regulations came into effect. And our new tables

which are GFS formatted:

The Statement of Net Balance (Above The Line The Statement Of Government Operations)

The Statement of Net Financial Balance (Below The Line The Statement Of Government Operations)

The Statement of Functional Classification of Expenditures (Outlays By Functions Of Government)

The Statement of Contingent Assets and Liabilities (IPSAS No 19 Article 8)

Balance Sheet( GFS Table 6 Balance Sheet)

Cash Flow Table (Statement Of Sources And Uses Of Cash)

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CHALLENGES

The Cash Flow Table based on IPSAS criterions technically.

Consumption of fix capital is calculated at the end of the year.

Consumption of fix capital for quarterly and monthly is estimated.

For monthly and quarterly GFS tables, interest expense is determined by

using cash basis of data. For annual GFS tables, interest expense is determined

by using accrual basis of data.

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THANK FOR YOUR ATTENTION

General Directorate Of Public

Accounts