2018年-IMF国际货币组织全球_Kuwait_Technical_Assistance_Report_41页_1mb

Summary of the Technical Assistance Report on Kuwait Government Finance Statistics

Core Content

This report is a technical assistance mission conducted by the International Monetary Fund (IMF) in Kuwait from April 29 to May 3, 2018. The mission was aimed at supporting the Central Statistical Bureau (CSB) in compiling and publishing Government Finance Statistics (GFS) in accordance with the Government Finance Statistics Manual (GFSM) 2014. The report also assessed the needs of the Ministry of Finance (MoF) for further technical assistance to ensure the regular reporting of GFS data to the IMF.

Main Objectives and Tasks

The mission had several objectives and tasks:

• To assist the CSB in understanding the key principles of the GFSM 2014 methodology.
• To train CSB staff on GFS compilation and the GFSM 2014 classification.
• To prepare the GFS Bulletin for the Central Government in line with the GFSM 2014.
• To review and propose an institutional framework for GFS compilation.
• To establish a communication bridge between the CSB and the MoF to improve data flow and quality.
• To agree on a training timetable for the CSB to implement the GFSM 2014.
• To meet with MoF officials to assess their needs for technical assistance in GFS data reporting.

Key Information

• The CSB previously used the GFSM 1986 methodology for compiling GFS data, but since the MoF adopted the GFSM 2001 classification in 2016, the CSB has faced challenges in aligning its data with the new standards.
• The CSB has not yet received the final accounts in a usable format (e.g., electronic data), which hinders the implementation of the GFSM 2014.
• The mission recommended a one-year action plan with specific milestones to improve the GFS data compilation process.
• The mission emphasized the need for the CSB to reclassify the budgetary units (Central Government Budgetary accounts, Attached budgets, and Independent Budgets) according to the GFSM 2014.
• The CSB team demonstrated a strong ability to understand and implement the GFSM 2014 methodology, but the short duration of the mission limited the depth of training.
• The MoF has stopped reporting GFS data to the IMF since FY 2015 due to the absence of the responsible staff member. This issue is expected to be resolved shortly.
• The mission also recommended the establishment of a tripartite committee to improve data exchange and methodological coordination between the CSB, MoF, and Central Bank of Kuwait (CBK).

Priority Recommendations

GFSM 2014 Methodology Changes

The mission provided detailed tables explaining the changes from GFSM 2001 to GFSM 2014 for revenue, expense, and transactions in nonfinancial assets. These tables were prepared to help the CSB understand and implement the new classification system.

Legal and Institutional Framework

• The State of Kuwait is divided into six governorates and 131 areas.
• The budgetary year runs from April 1 to March 31.
• The budget is prepared and approved by the MoF in January, with guidelines distributed to ministries and departments.
• According to the Constitution, the general budget must be submitted to the National Assembly at least two months before the end of the previous fiscal year.
• The CSB is responsible for compiling and disseminating macroeconomic statistics, including the GFS Bulletin, which has been published since 1981.

Challenges and Recommendations

• The CSB has not received the final accounts in a usable electronic format, which is essential for the preparation of bridge tables.
• The MoF needs to improve its tools for compiling and disseminating GFS data to meet international standards.
• The CSB should update its institutional units list regularly and align it with the GFSM 2014.
• The mission recommended a training program for the CSB to enable them to adopt the GFSM 2014 framework.
• The establishment of a tripartite committee was proposed to enhance coordination and data exchange between the CSB, MoF, and CBK.

Conclusion

The mission highlighted the importance of aligning the GFS data with the latest international standards, particularly the GFSM 2014, to improve the quality and consistency of government finance statistics. It also emphasized the need for enhanced collaboration between the CSB and the MoF, as well as the Central Bank of Kuwait, to ensure the smooth implementation of the new methodology.