Front Matter Page
IMF Country Report No. 19/78
ZAMBIA
TECHNICAL ASSISTANCE REPORT—GOVERNMENT FINANCE STATISTICS MISSION
March 2019
This Technical Assistance report on Zambia was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in February 2018.
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© 2019 International Monetary Fund
Front Matter Page
Zambia
Report on Government Finance Statistics Mission (November 27–December 8, 2017)
February 2018
Prepared by Djaima Da Costa
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of Zambia (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
INTRODUCTION
COVERAGE, SOURCE DATA AND GFS COMPILATION
A. Coordination of GFS Compilation Process and Methodology
B. Institutional Coverage of General Government and Public Sector
C. Accounting rules and Systems
D. Source Data
E. GFS Compilation and Reporting
F. Consistency of GFS and Other Macroeconomic Data
G. Resources and Technical Assistance
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Action Plan for Implementing GFSM 2014 in Zambia
B. Institutional Structure of the General Government
C. Data and Possible Sources
D. Budgetary Central Government – Preliminary List of Entities
E. Local Government – Confirmed List of Entities
F. Extrabudgetary Units – Preliminary List of Entities
G. State Owned Enterprises – Preliminary List of Entities
H. Cash Inflow Bridge Table(s) Linking Chart of Accounts codes and GFSM 2014 Classifications (including report specific line items)
I. Cash Outflow Bridge Table(s) Linking Chart of Accounts Codes and GFSM 2014 Classifications (including report specific line items)
J. Officials Met During the Mission
TABLES
1. Priority Recommendations
2. GRZ Statement of Sources and Uses of Cash
3. GRZ Outlays by Functions of Government – COFOG
4. GRZ Integrated Financial Balance Sheet
5. GG – Work in Progress Statement of Sources and Uses of Cash
6. GG – Work in Progress Integrated Financial Balance Sheet
Glossary
| AG |
Accountant General of the Ministry of Finance, Zambia |
| AFR |
IMF’s African Department |
| AMD |
Asset Management Division of the Ministry of Finance, Zambia |
| BO |
Budget Office of the Ministry of Finance, Zambia |
| BCG |
Budgetary Central Government |
| BOZ |
Bank of Zambia |
| CoA |
Chart of Accounts |
| COFOG |
Classification of the Functions of Government |
| CSO |
Central Statistical Office, Zambia |
| DFID |
United Kingdom´s Department for International Development |
| DMFAS |
Debt Management and Financial Analysis System |
| EDDI |
Enhanced Data Dissemination Initiative |
| e-GDDS |
Enhanced General Data Dissemination System, IMF |
| FMIS |
Financial Management Information Systems |
| FY |
Fiscal Year |
| GG |
General Government |
| GFS |
Government Finance Statistics |
| GFSM 2014 |
Government Finance Statistics Manual 2014 |
| GFSY |
Government Finance Statistics Yearbook |
| GRZ |
Government of the Republic of Zambia |
| IDC |
Industrial Development Corporation |
| IDM |
Investments and Debt Management Department of the Ministry of Finance, Zambia |
| IFS |
International Financial Statistics, IMF |
| IFMIS |
Integrated Financial Management Information Systems |
| IMF |
International Monetary Fund |
| IPSAS |
International Public-Sector Accounting Standards |
| LG |
Local Government |
| MOF |
Ministry of Finance, Zambia |
| MLG |
Ministry of Local Government, Zambia |
| MoU |
Memorandum of Understanding |
| OAG |
Office of Auditor General |
| PSDSG |
Public Sector Debt Statistics – Guide for Compilers and Users |
| QPSD |
Quarterly Public-Sector Debt Database, World Bank |
| SNA |
System of National Accounts |
| SOE |
State-owned Enterprises |
| SSF |
Social Security Funds |
| STA |
Statistics Department, IMF |
| TA |
Technical Assistance |