National Statistical Committee Republic of Kyrgyzstan The main orientations, plans and problems when implementing the 2008 SNA in Kyrgyzstan D. Baijumanov - First Deputy Chairman 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 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 don’t have the status of an institutional unit, unless they are residents of an another country than the country of their parent corporation 3 4 The Branch of a non-resident unit is considered as a unit 5 Treatment of special-purpose entities More clearance was brought on the residential status of the multi-territorial enterprises Comparison with the 1993 System of National Accounts 6 Holding companies are considered as a part of the financial corporations sector 7 The company's headquarters must belong to the same institutional sector as most of its subsidiary companies 8 A sub-sector for non-profit organizations was introduced 9 The definition of financial services was extended 10 The financial corporations sector was divided in sub-sectors in order to reflect the new developments in the financial services, markets and instruments - Усовершенствование «Затраты-Выпуск» Comparison withтаблиц the 1993 System of National (техническая помощь ЦСБ Финляндии) (2010) Accounts - Улучшение методологии и методов оценки B. More clarity on activities, including the limits of the production area основных фондов и потребления основного капитала (техническая помощь ЦСБ Финляндии) 11 Research activities are not considered as auxillary activities (2010-2011) 12 Refined методологии method of calculating financial intermediation services - Разработка построения и indirectly measured (FISIM) экспериментальный расчет финансового счета 13 The production of the central was clarified (2010(техническая помощь ЦСБbank Финляндии) 2012) 14 Insurances accounting (except for life insurance) was improved - Разработка методологии составления и Reinsurance is treated similarly to direct insurance экспериментальный расчет счетов других 15 The assessment method of production of households and изменений в активах corporations for own(2013) end-use should include the return on capitalметодологии составления и - Разработка Comparison with the 1993 System National ЭТАПЫ ВНЕДРЕНИЯ СНСof2008 Accounts D. More clarity on assets and fixed capital accumulation and consumption 16 The concept of the changing ownership economic law was introduced 17 Assets limits were extended after introducing the assets of the R&D activities 18 A revised classification of assets was introduced 19 Assets limits were extended after introducing expenditures on armaments when calculating the gross capital of the government 20 “Software computing" assets were modified in order to encompass databases 21 Originals and copies are considered as separate products Comparison with the 1993 System of National Accounts 22 The concept of financial services was introduced 23 The treating of the delays in property right transfer was reviewed 24 Prospecting and evaluating of mineral resources 25 Land improvements 26 Goodwill and marketing assets 27 Water resources are treated as assets in some cases 28 The 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 29 The identification of the cultivated biological resources is made on the symmetrical definition of what is a cultivated resource 30 The category of “Intellectual property products“ was introduced 31 The notion of natural resources renting was introduced 32 Accounting on the assets’ volume changing was updated Comparison with the 1993 System of National Accounts Торговля; гостиницы и рестораны E. Improvements of financial tools and assets interpretation and definition Данные Налоговой инспекции о выданных 33 патентах The agreement on repurchasing stocks, as well as loans and deposits was clarified Данные о средних показателей по отрасли, 34 The possibility for workers to buy shares is described полученных путем единовременных 35 The processing of non-performing loans is detailed наблюдений и путем дополнительных опросов 36 The interpretation of the guarantee is detailed и проверок 37 The processing of indexed stocks is detailed Данные систематических выборочных всех типов indexed рынков 38 обследований The processing of debt instruments on the exchange rate is reviewed 39 Flexible evaluation of unlisted shares 40 Unallocated gold accounts are considered as financial assets and liabilities Comparison with the 1993 System of National Транспорт Accounts 41 Данные Государственной The definitions of monetary gold транспортной and gold bars that are used for official were revised инспекции о reserves количестве технически исправных 42 The commitment to the Special Drawing Right was грузовых и легковых автомобилей recognized Сведения о среднем пробеге, средней 43 The distinction between deposits and loans was implemented загрузке, средних доходах от перевозок 44 Payment services for the loans in stocks and in gold грузов и пассажиров 45 Данные специализированных обследований Classification of financial assets на грузовом и пассажирском автотранспорте 46 The difference between financial leasing and operating rent on the basis of economic ownership 47 The recommendations on pension rights benefits were reviewed Comparison with the 1993 System of National Финансовая деятельность Accounts Refinement of activities related банка to the governmental and the F.Данные Национального о количестве public sector обменных бюро, имеющих лицензию на 48 The boundary between операций the private, public and governmental ведение обменных sector was clarified Данные о доходах и расходах по 49 The status of theлицам, agency specialized on the restructuration юридическим численности занятыхwas в clarified них 50 The processing of the licenses issued by the State was reviewed 51 Public corporations exceptional payments considered as withdrawals from the equity should be 52 Government’s exceptional payments to quasi-public corporations should be treated as capital transfers Comparison with the 1993 System of National Accounts 54 Accrual taxes accounting 55 Tax exemptions 56 The processing of property right on fixed assets as a result of public-private partnership was clarified 57 Taxes on holding gains are still processed as current taxes on income and property 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) 58 Center of the predominant economic interest as main determinant of the residence of the unit 59 Change individuals residence 60 The goods sent abroad for processing are counted on the basis of the property right change 61 Goods resale abroad Steps of the implementation of the 2008 SNA 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 20102014.", which was approved by Government’s Decision Nr. 199, on 30 March 2010. 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 (20102014) -Developing the methodology on determining the holding gains and reserves change (2010) -Improving the methodology for assessing the non-observed economy (2010-2014) -Quarterly produced national accounts (Technical assistance under the TACIS program, Statistics 11) (2010-2011)) - 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) (2010-2011) - Development of methodology and experimental calculation of the financial account (Technical Assistance Statistics Finland) (2010-2012) - 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. 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 2012. 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 2020. 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. Stages of implementation of 2008 SNA STEP 1 - Overview of national strategic documents to include plans to implement the 2008 SNA 1 Identification of the major unsolved problems of the 1993 SNA. 2012 2 Introduction to major changes in the SNA 2008 as compared to the 1993 SNA and to assess their importance for the country. 2012-2013 3 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 2012-2013 4 Prioritization of the 2008 SNA, based on the needs of users and resources 5 Enabling works on implementation of 2008 SNA in the strategic plan for the development of statistics 2012-2013 6 The adoption of a detailed plan to implement the 2008 SNA for short-, medium-, and / or long-term 2012 constantly Stages of implementation of 2008 SNA STEP 2 - Actions necessary to implement the 2008 SNA 7 The adoption of new classifications and other improvements in the business register and business statistics 2012-2014 8 Changes in the surveys and questionnaires in business statistics for data collection 2012-2020 (constantly) 9 Adaptation of administrative data sources to the new requirements 2012-2015 10 IT and other changes 2013-2020 (constantly) 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 2012-2014 12 Scores of other changes in assets 2013-2015 13 Balance sheet accounts 2014-2016 14 Evaluation of financial assets and other non-produced assets 2015-2016 15 Evaluation and adjustment for change in the value of household assets in pension funds 2014-2016 16 Assessing the size of the shadow and informal activities 2014-2016 17 Assessment of the volume of illegal activities 2015-2016 18 Improved methods for evaluating fixed capital formation and consumption of fixed capital using the perpetual inventory method 2013-2015 19 Productivity in the broad sense 2015-2016 Stages of implementation of 2008 SNA New issues from the 2008 SNA 20 Calculations of financial intermediation services indirectly measured (distribution by institutional sectors of the economy, the production and consumption) 2013-2015 21 Release of central bank 2013-2015 22 The cost of weapons systems 2013-2015 23 Research and development 2013-2015 24 Revise the methodological position of tourism statistics in Kyrgyzstan based on MRST 2008 2015-1017 Stages of implementation of 2008 SNA Checkpoint 2. GNI and other primary indicators 25 For the rest of the world - the external account of primary 2012-2015 income and current transfers, capital account and financial account (BPM 6) Checkpoint 3. The accounts by institutional sector 26 For all institutional sectors - Production account 2014-2020 27 For state sector - Generation of income account, allocation of 2014-2020 primary income, secondary distribution of income Use of disposable income, Capital and Financial Account 28 For all institutional sectors - Generation of income account, allocation of primary income, secondary distribution of income Use of disposable income and capital 2014-2020 29 For all institutional sectors - Financial account 2014-2020 30 For all institutional sectors - Other changes in assets, balance sheet 2014-2020 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 Thank you for your attention!