17 An Example of Progress in Delineating Relationships Between Government Finance Statistics and National Accounts Concepts

Abstract

Harmonization of government finance statistics, which are compiled as a guide to the conduct and analysis of the sector itself, and the government account in the national accounts, which are compiled as an indispensable component of a statistical system analyzing the economy as a whole, should produce two kinds of benefits. It should eliminate unnecessary duplication of effort by compilers, and it should reduce confusion among users regarding the relationships between concepts in the two data systems. To reap these benefits, harmonization should delineate existing relationships between concepts in the two data systems, examine the feasibility of compiling data to measure both sets of concepts, and consider adjusting concepts to meet the essential needs of both data systems within the framework of coordinated compilation efforts.

Author: Vicente Galbis