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Integrating Statistics on National Accounts for Sustainable Development Goals Expert Seminar on Integrated Statistics for Sustainable Development Goals 11-13 December 2017 UNESCAP, Bangkok, Thailand VIVIAN R. ILARINA Assistant National Statistician Philippine Statistics Authority

Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt

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Page 1: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt

Integrating Statistics

on National Accounts for

Sustainable Development Goals

Expert Seminar on Integrated Statistics for Sustainable Development Goals11-13 December 2017

UNESCAP, Bangkok, Thailand

VIVIAN R. ILARINAAssistant National Statistician

Philippine Statistics Authority

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Outline

1. Overview: Philippine System of National Accounts

2. Integrating National Accounts to SDGs

3. Existing Coordinative Mechanisms

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I. The Philippine System of

National Accounts (PSNA)

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CORE ACCOUNTS

SATELLITE ACCOUNTSQuarterly & Annual National Accounts

Institutional Sector Accounts

Regional Accounts (17 regions)

Provincial Accounts (for 2 pilot prov)

Input-Output Accounts

Environmental Accounts

Tourism Accounts

Health Accounts (SHA 2011)

Education

Non-Profit Institutions (pilot estimates)

Accounts compiled. . .

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II. Integrating National

Accounts to SDGs

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Goals

Targets

Indicators(unique)

17

232

Sustainable Development

Indicators

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Census, Survey & Administrative Data

Common base year to 2012 (from 2000);

Adoption of the 2008 SNÁ recommendations;

Use of new standards and classifications;

Inclusion of new industries/commodities;

Highlighting the emerging industries; and

Updated data from recent census &

survey of establishments

Integrating statistics. . .

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SDGs/Indicators

SNANational Accounts

Integrating SNA with SDGs …

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S N A

Data/Statistics

IndicatorsAccounts

Integrating SNA with SDGs …

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SDGs 8, 10 & National Accounts

Integrating SNA with SDGs …

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Philippines

I. SEEA, PEENRA & WAVES

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Examples:

SDG 8 and National Accounts

Real GDP per capita

Tourism direct GDP to total GDP

Real GDP per employed person

SDG 8

SDG 8

SDG 8

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I. SEEA, PEENRA & WAVES

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Examples:

SDG 10 and National Accounts

HH expenditure or income per capita

Labour share of GDP (wages & social

protection transfers)

SDG 10

SDG 10

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Govt Final Consumption Expenditure

Financial Reports from Govt Income &

Expenditures from Commission on Audit

SNA: GFCELess: Benefits, Grants, Donations

Plus: Expenditures on Health, Education, Social Welfare

Example:

Converting Admin Data to National

Accounts

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Exports of Goods

Reports from Customs on Value of Exports

SNA Value (FOB)Less: Special Transactions

Example:

Converting Admin Data to National

Accounts

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III. Mechanisms to integrate

statistics in National

Accounts for SDGs

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www.companyname.com© 2016 Jetfabrik Multipurpose Theme. All Rights Reserved.

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Institutional

Organization

for the SDGs

The PSA Board enjoined all concernedgovernment instrumentalities toprovide the necessary data support tomonitor the country’s performance vis-à-vis the SDGs based on the indicatorframework that shall be determined bythe NEDA, PSA and other governmentagencies.

1. PSA Resolution No. 4 Series of 2016

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Republic Act No. 10625 or the Philippine Statistical Act of 2013 mandates the Philippine Statistics Authority (PSA) to prepare, in consultation with the PSA Board, a Philippine Statistical Development Program (PSDP).

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2. Philippine Statistical Development Program (PSDP)

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1. Create more than six million jobs, perhaps, even 10 million jobs

2. Power and water will be regularly provided to all barangays

3. From a govt that merely conjures economic growth statistics to a govt that prioritizes jobs

1. One million employment generated per year

2. Percentage of HH with access to water supply increased

3. GDP increased from 6.8 percent in 2012 to 7.5-8.5 percent in 2016Sustainable

DevelopmentGoals

Socioeconomic Agenda• Arroyo (10-pt)• Aquino (16-pt)• Duterte (10-pt)

President’s advisers / Socio-economicteam

NEDAandotheragencies

Philippine Development

Plan

PDP targets

Statistical programs and activities to

produce statistics to monitor the targets

Philippine Statistical Development Program

(PSDP)

PSDP

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3.Executive Order No. 352 (1996)System of Designated Statistics (SDS)

“Designation of Statistical Activities That Will

Generate Critical Data for Decision-making of the

Government and the Private Sector”

Objectives

• identifies and generates the most critical and essential

statistics

• establishes priorities for data production

• identifies the sources of official statistics.

• defines the agency responsible, frequency of data

production and schedule of data dissemination.

EO 352 allows modifications of the SDS through the PSA Board.

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4. Data Quality Assessment Framework

(DQAF)for National Accounts Statistics (2004)

Section 4.1.2 Timeliness follows international standards which are the General and Special DataDissemination Standards(G/SDDS) of the International Monetary Fund

Standard Series Release

SDDS quarterly GDP within 3 months after the end of reference quarter

GDDS annual GDP 6 to 9 months after the end of reference year

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5. Modifications on Release Dates of a DesignatedStatistical Activity

Example:On its 1st Qtr 2017 Meeting on 14 Feb 2017,the PSA Board issued:

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PSA Board Resolution 05

Series of 2017

APPROVING AND ADOPTING THE MODIFICATIONS IN THE

DESIGNATED STATISTICAL ACTIVITIES OF

THE BANGKO SENTRAL NG PILIPINAS AND

THE PHILIPPINE STATISTICS AUTHORITY

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Modifications on Release Datesof a Designated Statistical Activity of BSP

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AS MODIFIED PER PSA Board RESOLUTION NO. 01 SERIES OF 2017-186

Designated Statistical Activity

Key IndicatorsGeographic

DisaggregationFrequency

Schedule of Data Dissemination

1. Generation of Monetary and Banking Statistics

a. Depository Corporations Survey- Net foreign assets- Net domestic assets- Monetary aggregates and variants

National Monthly 45 days after reference month

AS MODIFIED PER PSA Board RESOLUTION NO. 05 SERIES OF 2017Designated

Statistical ActivityKey Indicators

Geographic Disaggregation

FrequencySchedule of Data

Dissemination

1. Generation of Monetary and Banking Statistics

a. Depository Corporations Survey - Net foreign assets- Net domestic assets- Monetary aggregates and variants

National Monthly 30 days or One monthafter the reference month

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To operationalize the SDS and DQAF:

Ex: BSP Depository Corporations Survey:

6. Advanced Release Calendar (ARC)

BSP publishes ARC on their website :

Quarter Schedule of Release

January February 30

February March 30

March April 30

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90

70

62

60

60

56

52

50

49

45

35

28

28

15

14

0 10 20 30 40 50 60 70 80 90 100

Colombia

Turkey

Canada

Australia

India

Thailand

Mexico

Philippines

Malaysia

Japan

Indonesia

South Korea

US

China

Singapore

Days after the reference quarter

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First releases of quarterly National Accountsof selected countries

Source: IMF Dissemination Standards Bulletin Board (DSBB)accessed July 25, 2017

SDDS

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Code Industry 90-day 42-day 35-day 30-day

B Mining and Quarrying 81.6% 58.1% 37.4% 17.3%

C Manufacturing 76.1% 40.6% 23.2% 6.2%

D Electricity, Gas, Steam and Air Conditioning Supply87.2% 68.9% 53.4% 21.6%

E Water Supply; Sewerage; Waste Management Activities94.4% 75.4% 51.6% 26.2%

F Construction 88.5% 50.8% 39.6% 17.2%

G Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles91.3% 61.1% 46.8% 16.1%

H Transportation and Storage 84.1% 55.3% 41.1% 18.0%

I Accommodation and Food Service Activities90.4% 59.7% 39.0% 15.9%

J Information and Communication83.2% 52.1% 33.5% 12.4%

K Financial and Insurance Activities85.9% 53.0% 33.4% 8.6%

L Real Estate Activities 88.0% 50.9% 38.9% 18.5%

M Scientific and Technical Activities75.0% 42.0% 27.4% 8.0%

N Administrative and Support Service Activities82.0% 44.5% 32.0% 9.9%

P Education 91.9% 66.7% 49.2% 28.0%

Q Human Health and Social Work Activities93.7% 69.8% 48.6% 20.4%

R Arts, Entertainment and Recreation84.6% 56.7% 38.5% 20.2%

S Other Service Activities 75.6% 40.2% 28.7% 17.7%

Grand Total 86.0% 55.2% 38.7% 15.8%

WHY ADMIN BASED DATA?Comparison of QSPBI Response Rates

Available for August 17

release

Available for August 10

release

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7. Action requested from the PSA Board

Approval of the following resolutions:

1. Approving and Adopting the Modifications in the

Designated Statistical Activities of the Philippine

Statistics Authority

2. Enjoining Government Agencies and Other Data

Sources to Provide Timely Data Support for the

Earlier Release of the National Accounts

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Thank You!http://www.psa.gov.ph

/PhilStatAuthority

@PSAgovph