Department of National Accounts TURKISH STATISTICAL INSTITUTE (TurkStat) Workshop on the...

Department of National Accounts

TURKISH STATISTICAL INSTITUTE (TurkStat)

Workshop on the Implementation of the SNA-2008 in

EECCA Countries and

Linkages with BPM6 and GFSM 2014

Implementation of the SNA-2008 / ESA-2010

Cevdet ÖĞÜT


(Head of Coordination and Integration Group)

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Content

• Turkish Statistical System:

• Statistical Law, Official Statistical Program

• Strategic Plan and Annual Programs

• Implementation Stages of SNA-2008 / ESA-2010

• Road Map

• Links with BPM6 and GFS

• Future Work

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Turkish Statistical System

In the Turkish Statistical Law, regulations made on;

Statistical Council, Official Statistics Programme, Organizational structure, Access to administrative data, Principles on the national register systems, Confidentiality of information, Rights of the statistical units (respondents), Scientific and technical autonomy,

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Official Statistical Programme

The Official Statistics Programme, based on the Statistics Law is prepared for a 5-year-period in order to determine the basic principles and standards dealing with the production and dissemination of official statistics.

There are almost ten institutions in the subjects of national accounts and financial sector statistics such as Central Bank, Ministry of Finance, Treasury and some regulatory bodies.

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Goals of Strategic Plan and Annual Programs

Production of statistics in international standards

(every year different percentages, step by step)

Improvement of institutional capacity

Improvement of cooperation with stakeholders

(different subjects for different institutions).

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Ongoing consultation with the main stakeholders for the SNA-2008 / ESA-2010 implementation

Central Bank, Ministry of Finance, government, public, international organizations, other data users

IT and staff resources

Classification frameworks, business registers and frames,

surveys, administrative data

Basic indicators of

GDP

GNI and other primary

indicators

• Adoption of new relevant classifications and improvements in business registers

• Review of related source statistics compiled;

by the statistical office outside the statistical office• Use of administrative data sources

STAGE 1 – Developing of implementation strategies (Road Map)

Involvement of stakeholders

STAGE 2 – Improvement of use of Administrative data in accordance with IT

STAGE 3 – Improvement of National Accounts in accordance with the SNA-2008/ESA-2010

Institutional sector

accounts

• Adequate IT infrastructure and support

• Continuous review throughout the ESA implementation

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Implementation Stages of SNA-2008 / ESA-2010



Road Map

The ‘road map’ was planned with Eurostat, by using some projects. In general, the areas in the road map are;

New Supply and Use Table with SNA-2008 / ESA-2010 Standards,

Independent Annual Estimates, Institutional Sector Accounts, Improvement of Quarterly Accounts.

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Road Map

There are 7 main headings with 50 subjects. 30 of them are primary, others are secondary. The main headings are related with:

Units Production Boundary Assets Financial Instruments Government RoW Other.

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Road Map

Units Ancillary activities Holding company Head office Sub-sectoring of the financial corporation sector.

Production Boundary Research & Development FISIM Central Bank Non-life insurance.

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Road Map

Assets

R&D Weapons systems Databases Mineral exploration and evaluation Land improvements Intellectual property products Treatment of small tools Financial assets.

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Road Map

Government

Boundary between public and government sector Restructuring agencies Exceptional payments Accrual recording of taxes Tax credits Public-private partnerships Taxes on holding gains.

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Road Map

RoW

Goods sent abroad for processing Maintenance and repair services Merchanting.

Other Informal sector Illegal activities.

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Projects for Implementation

For achieving that, some projects were carried out with Eurostat. These are related with;

NA Methodology (SNA-2008 / ESA-2010) Supply and Use Table Sector Accounts Quarterly Accounts EDP Tables.

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• For Government Sector each of “Analytical Budget Codes” was re-encoded to ESA-2010, GFSM 2014 and EDP in cooperation with MoF, Treasury, and Central Bank experts and then Government classification was improved.

• For Financial and Non-Financial Sector the link between Business Accounting System (Balance sheets & Income Statements) and National Accounts System have been established.

• For Foreign Trade, Codes for ‘goods sent abroad for processing’ and ‘maintenance and repair services’ were clarified.

Links with SNA-2008 / ESA-2010 and BOP / GFS

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The importance and the requirements of administrative registers were explained to our stakeholders. Several tasks forces and working groups have been established with MoF, Central Bank, Treasury, Banking Regulatory and Supervisory Institutions;

- Government Classification Working Group

- Financial Accounts Working Group

- EDP Working Group

- GFS Working Group.

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Links with SNA-2008 / ESA-2010 and BOP / GFS



Division of Responsibility in Official Statistical Programme (OSP)

Institutions

Sectors CBRT Turkstat MoF Treasury

Central Bank

Other Monetary Financial Inst.

Financial Intermediaries

Financial Auxiliaries

Insurance Companies

Central Government

Local Government

Social Security Inst.

Nonfinancial Corporations

Households

NPISH

Rest of the World

OSP

Coordinator CBRT

Turkish FAWG

Financial Accounts

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Public Sector Debt

Current Situation

• Treasury is the responsible institution for compilation of Public Sector Debt (PSD) data. Treasury’s scope is just limited with central government sector so the other sub-sectors of general government figures can be compiled with the help of other data sources (e.g. Ministry of Finance).

• Turkey currently participates in the WB/IMF/OECD PSD Database and provides central government debt stock data since 2010.

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Public Sector Debt

Current Situation

• Turkey reports central government debt stock by maturity, instrument type, currency of denomination and residence of the creditor on a quarterly basis.

• Debt instruments includes SDR, currency and deposits, debt securities and loans.

• Central government debt stock at nominal value is available since 2014 Q1.

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Future Work

• Supply and Use Tables for 2012 will be finalized

• The base year will be changed

• Quarterly estimates will be improved

• Independent annual GDP will be estimated

• Institutional sector accounts will be constructed

• Quarterly FA

• Quarterly GFS

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Thank You…

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Department of National Accounts TURKISH STATISTICAL INSTITUTE (TurkStat) Workshop on the...

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