Front Matter Page
IMF Country Report No. 20/220
ZAMBIA
TECHNICAL ASSISTANCE REPORT—REPORT ON GOVERNMENT FINANCE STATISTICS
July 2020
This Technical Assistance Report paper 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 on November 2018.
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Front Matter Page
Zambia
Report on the Government Finance Statistics Technical Assistance Mission (November 19–30, 2018)
January
2020
Prepared by Clement Ncuti
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
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
STATUS OF GFS COMPILATION AND DISSEMINATION
A. Implementation of Recent GFS TA Missions’ Recommendations
B. Institutional Coverage of the Public Sector
C. GFS Compilation for the Budgetary Central Government
D. GFS Compilation for Local Governments
E. GFS Compilation for Social Security Funds
F. GFS Compilation for Extrabudgetary Units
G. GFS Compilation for General Government
H. GFS Compilation for Public Corporations
I. Data Dissemination
J. Follow-Up
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Officials Met During the Mission
TABLES
1. Priority Recommendations
2. Financial Statements of Public Nonfinancial Corporations Availability
3. Financial Statements of Public Financial Corporations Availability
FIGURES
1. Public Sector Institutional Table
2. Differences in CSO and MOF GFS for BCG
3. Budgetary Central Government GFS
4. Local Government GFS
5. Social Security Funds GFS
6. Extrabudgetary Units GFS
BOX
1. Social Insurance Schemes in Zambia
APPENDICES
I. Status of Implementation of Previous Technical Assistance Mission Recommendations
II. Terms of Reference for the Government Finance Statistics Technical Working Group
III. Compilation of GFS from Financial Statements
IV. Consolidation of General Government GFS
Glossary
| AG |
Accountant General of the Ministry of Finance, Zambia |
| AFR |
IMF’s African Department |
| 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 |
| EBU |
Extra Budgetary Unit |
| EDDI |
Enhanced Data Dissemination Initiative |
| e-GDDS |
Enhanced General Data Dissemination System, IMF |
| FMIS |
Financial Management Information Systems |
| FY |
Fiscal Year |
| GDP |
Gross Domestic Product |
| GG |
General Government |
| GFS |
Government Finance Statistics |
| GFSM 2014 |
Government Finance Statistics Manual 2014 |
| GFSY |
Government Finance Statistics Yearbook |
| IDC |
Industrial Development Corporation |
| IDM |
Investments and Debt Management Department of the Ministry of Finance, Zambia |
| IFMIS |
Integrated Financial Management Information Systems |
| LG |
Local Government |
| MOF |
Ministry of Finance, Zambia |
| MOU |
Memorandum of Understanding |
| PSDSG |
Public Sector Debt Statistics—Guide for Compilers and Users |
| QPSD |
Quarterly Public-Sector Debt Database, World Bank |
| SOE |
State-Owned Enterprises |
| SSF |
Social Security Funds |
| STA |
IMF’s Statistics Department |
| TA |
Technical Assistance |