Improvement of the National Accounts

Activities Leading to the Improvement of the National Accounts

• Special Studies being undertaken or to be undertaken:

A.  For the improvement of the estimates:

• Improving the constant price estimation of non factor services (imports)
• Expanding the coverage of changes in stocks to include livestock, poultry & minor crops
• Application and use of the chain price index specifically for exports
• Alternative deflators for banks and non-banks
• Use of alternative data sources for the deflators of the government sector

B.  Towards the adoption of the 1993 PSNA:

• study on the estimation and allocation of the Financial IntermediationServices Indirectly Measured (FISIM)
• independent estimates for the household sector
• use of administrative-based records for the non-financial sector
• special studies on taxes for further classification and disaggregation by type and by institution
• independent estimates for the non-profit institutions serving households

• Strengthening institutional linkages with data producers

• Creation of the Task Force on Fixed Capital Formation to address the issue on adequacy of the coverage of fixed capital formation as a result of the current developments and trends in construction and durable equipment sectors.

• Conduct of User's Forum/Dissemination of Release Calendar