Detailed Results from Staff Desk Studies
To test the strength of the GFSM 2001 framework relative to the traditional approach, staff have conducted three desk studies to recast fiscal data shown in Article IV staff reports into the GFSM 2001 presentation for Uruguay, Malaysia, and Mauritius. For each of the countries, three tables were derived: an operating statement, an integrated balance sheet, and a cash statement. The results demonstrate that GFSM 2001 provides a more nuanced and systematic analysis of the impact of fiscal policies and of the sustainability of these policies over time. The following sections summarize the results for Uruguay, Malaysia, and Mauritius, and the tables are attached.
These desk studies were prepared using data from a variety of sources. They included staff reports of Article IV consultations, data reported to the Statistics Department for dissemination in the Fund’s Government Finance Statistics Yearbook, and data disseminated on national websites. The data used in the desk studies are not based on accrual information and therefore the studies show the essentially cash-based data in the GFSM 2001 framework. It should be emphasized that the data are provisional and that these preliminary desk studies would benefit from thorough verification with country compilers.