MAIN AREAS FOR IMPROVING MACROECONOMIC STATISTICS IN

COMPLIANCE WITH THE 2008 SNA

FOR 2012-2015

Issyk-Kul, Kyrgyzstan, 28-29 August 2012

Agency on Statistics of the Republic of Kazakhstan

The Possibilities of implementing the 2008

System of National AccountsImplementation of 2008 SNA depends on the following factors:

the current state of implementation of the 1993 SNA;

building strategies for implementing the 2008 SNA;

harmonizing the National Accounts statistics with other macroeconomic statistics and accounting;

building plans based on international standards for improving the statistical systems;

government use of SNA indicators to build economic policies.

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CURRENT STATE OF IMPLEMENTATION OF THE 1993 SNA (SNA 93)

Integrated Economic Accounts

I. Production accounts createdII. Accounts on income allocation and use

II.1. Accounts of primary distribution of income

II.1.1. Accounts of income Generation created

II.1.2. Accounts of Primary income Allocation

created

II.2. Accounts of secondary distribution of income

created

II.3. Accounts of income redistribution created

II.4. Accounts of income Use createdIII. Savings accounts

III.1. Equity transaction accounts createdIII.2. Financial accounts createdIII.3. Accounts of other changes in assets

III.3.1. Accounts of other changes in volume of assets

experimental calculations

III.3.2. Revaluation accounts experimental calculations

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CURRENT STATE OF THE IMPLEMENTATION OF THE 1993 SNA (SNA

93)

The balance of assets and liabilities not createdSupply and use table

Tables of "resources-use" createdTables "input - output" created

Three-dimensional analysisTables of financial transactions and financial assets and liabilities

not created

Full balance and accounts of asset and liabilities

not created

Function analysisAuxiliary tourism accounts createdAuxiliary environmental and economic accounts

not created

Auxiliary health accounts experimental calculations

Tables of population and employmentMatrix of accounts for the analysis of social processes

not created 4

Action

Developing new methodologies

Central bank methodology for output accountsMethodology on output accounts in the areas of insurance services and pension fundsMethodology on output accounts of FISIMMethodology on expenditures accounts in R & D and military areasMethodology of assessing illegal activities and informal sector

Developing new and updating existing classifications

Classifier of financial (CFA) and non-financial assets (KPA)Classifier of functions of the government (COFOG) and non-profit institutions serving households (COPNI)Classifier of economic sectors (CSE) and main funds (COF)

Experimental calculations

Account of other volume changes of assets and revaluation accountsBalance of assets and liabilitiesAssessment of illegal activitiesSupport for environmental-economic and public health accounts

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ACTIVITIES FOR IMPLEMENTING THE 2008 SNA FOR 2012-2015

Actions

Analysis by institutional sector

Compensation of employees by activity sector Income from property Disposable incomeIndicators of the financial accountMonetary Survey of the National Bank, the banking system

Clarification of information sources

Calculation of income from property as a result of ownership, financial or tangible non-produced assetsCalculation of social insurance contributions and other current transfers

Refinement of existing methodologies

Financial account building"resources-use" and "input-output“ tables building

Implementation of macro-economic modeling

System of leading indicatorsAggregated macroeconomic model of Kazakhstan

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ACTIVITIES FOR IMPLEMENTING THE 2008 SNA FOR 2012-2015

ARKS’s President order №. 92, on March 28, 2011 "On

creation of the Working Group dealing with methodological

issues on social statistics of national accounts and the financial

sector "

ARKS’s President order № 176, on June 30, 2011

"Amendments to the Order № 92 from March 28, 2011"

Composition of the Working Group:

ARKS, NBK, NBK KFN, MF RK, RK, the AFC, ABC

Areas of work of the Working Group: 1. Consideration and approval of the methodological approaches for output accounts production by the central bank, commercial banks, pension funds and insurance / reinsurance organizations, FISIM in accordance with the 2008 SNA. 2. Consideration and approval of the methodological approaches for formatting the accumulation accounts in accordance with the 2008 SNA.

HARMONISING THE SNA WITH MONETARY AND FINANCIAL STATISTICS, THE BALANCE OF

PAYMENTS

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Working Group’s on Science and Innovation Meeting

Methodological reflection of the costs of research activities in line? With the SNA 93 and

SNA 2008

Composition of the Working Group:

ARKS, KN RK, JSC "Science Fund". JSC "National

Innovation Fund" IIA of the RK, Ministry of Finance of RK, JSC "Institute of Oil and Gas,"

NDP "Nur Otan"Issues for a Working Group’s Meeting: 1. Methodological reflection of the costs of research and development activities in accordance with the 1993 SNA and the accounting problems of the costs in the research activities within the investment compliance with the 2008 SNA methodological state. 2. Harmonization of methodological approaches with the SNA 2008 Frascati Manual to incorporate the costs of research activities.

HARMONISING THE SNA WITH GOVERNMENT FINANCES STATISTICS

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PLANS BASED ON INTERNATIONAL STANDARDS TO IMPROVE STATISTICS

Strengthening the National Statistical System of Kazakhstan for 2012-2016

Components of the Project

The objectives of the component

D.8. The formation and implementation of time-series methods of seasonal adjustment

Introduction of methods and technology for seasonal adjustment of economic statistics, harmonized with international practices and ensuring the consistency, reliability and transparency of the seasonal adjustment procedures, and comparability of indicatorsImprove the quality and reliability of short-term statistics for all branches of statistics

D.9. Strengthening of the analytic function

Improved analytical capabilities of ARKS

F.1. Improving the comparability of macroeconomic statistics

Complete the implementation of the 1993 SNA and create a methodological framework for the transition to the 2008 SNA.

F.2. Improving the microeconomic statistics

Improve structural statistics in order to reach compliance with international standards and UN Handbook requirements "Links between Business Accounting and National Accounting"

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The use of indicators of the SNA government bodies

Indicator

GDP at current prices, million Tenge and million USD

GDP per capita, Tenge and USD

Real GDP growth, percent

GDP structure, percent

GNI million Tenge and million USD

GNI per capita, Tenge and USD

Final consumption expenditure, million Tenge

Gross saving, million Tenge

Gross disposable income, million Tenge

Gross capital formation, million Tenge

Wages, million Tenge, and the share of wages in GDP, percent

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THANK YOU!

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