Summary methodology: Central Government Operations
I. Analytical Framework, Concepts, Definitions, and Classifications
2.1.1 Concepts and definitions
- Analytical Framework: The methodology for compiling government finance statistics is broadly consistent with the analytical framework set out in the IMF's Manual on Government Finance Statistics 1986 (MGFS 1986).
- The government finance statistics reported for publication in the IMF's Government Finance Statistics Yearbook is presented following the format of the GFSM 2001.
- Relationship with international guidelines: Major fiscal aggregates of the compiled general government operations are based on the MGFS 1986.
Classification system: The budget classification of the Republic of Belarus is a systematized grouping of revenue, expenditure, sources of budget deficit financing that provide for republican and international compatibility of the mentioned budget indicators.
- classification of budget revenue: The classification of budget revenue is a grouping of budget revenue in accordance with the underlying legislative acts. The national presentation of budget revenue is in line with the GFSM 2001 except for including some of the transactions in financial and non financial assets in revenue data (e.g. disposal of fixed, land, inventories, valuables ).
- functional classification of budget expenditure: The functional classification of budget expenditure reflects the allocation of budget funds for the performance of the main functions of government. The national functional classification is based on the Classification of the Functions of Government published by the United Nations and adopted in the GFSM 2001 except for the health and education, following national classifications.
II. Scope of the data
Scope of the data
Institutional coverage of central government in reported data: Data are disseminated on central government operations covering budgetary accounts of central government units (Republic government units and the Social Protection Fund of the Ministry of Labor and Social Protection of the Republic of Belarus (SPF)).
The SPF encompasses the functions of state social insurance (including pension insurance).
According to the Law on the Republican Budget for 2014, republican budget includes following state earmarked budgetary funds:
- Innovation Funds;
- the National Development Fund.
Exceptions to coverage
Resources of other (except for the SPF) extrabudgetary funds, as well as proceeds from extrabudgetary activities of organizations supported by the budget, are not included in central government operations.
III. Accounting Conventions
All cash transactions reflect actual prices. Amounts denominated in foreign currency are converted to Belarusian rubles at the official exchange rates, as provided by the NBRB.
2.4.2 Recording basis
- Accounting basis: Revenue and expenditures are recorded on a cash basis for compilation of fiscal data. All financing data, except arrears, are recorded on a cash basis, in line with the MGFS 1986.
- Complementary period: None.
2.4.3 Grossing/netting procedures
Adjustments for grossing and netting of transactions: Most transactions are shown on a gross basis, in line with the MGFS 1986. Tax refunds are deducted from tax revenue, and financing is presented on a net basis.
IV. Nature of the Basic Data Sources
3.1.1 Source data collection programs
Data sources: Budget execution data are maintained in the Ministry of Finance, including:
- budget execution and deficit financing data, recorded by the State Treasury Department of the Ministry of Finance;
- foreign deficit financing data, recorded by Public Debt Department of the Ministry of Finance
3.1.2 Source data definitions, scope, classifications, valuation, and time of recording
The budget classifications of revenue and functional classification of expenditure are brought closer to the MGFS 2001 provisions.
3.1.3 Source data timeliness
Source data timeliness is in line with the SDDS requirements.
V . Compilation Practices
3.3.2 Other statistical procedures
Consolidation: The data are presented on a consolidated basis, with transactions between the republican budget and state earmarked budgetary funds, as well as the SPF, eliminated from the data.
3.4.3 Assessment of discrepancies and other problems in statistical outputs
Detected statistical discrepancies are investigated and resolved.
VI. Other Aspects
The National Statistical Committee of the Republic of Belarus publishes monthly budget statistics on the basis of reporting by the State Treasury Department under the Ministry of Finance in the following publication: Socioeconomic Position of the Republic of Belarus.
Discrepancies with the national accounts: Budget execution data of the Ministry of Finance are the main source for the national accounts estimates for the government sector compiled by the National Statistical Committee. There are, however, discrepancies between national accounts and government finance statistics due to differences in data sources and institutional coverage. The national accounts use an accrual basis and include all extrabudgetary operations.