Public Sector Debt Statistics Online Centralized Database

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Public Sector Debt StatisticsOnline Centralized
Database

• OECD Working Party on Financial Statistics
• October 24-27, 2011 Paris
• Manik Shrestha
• Statistics Department, IMF

The views expressed herein are those of the
author and should not be attributed to the IMF,
its Executive Board, or its management.
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Background

• Public Sector Debt Database
• Launched in 2010 with developing, emerging, and
  some advanced economies participating
• G-20 Data Gap Initiatives Recommendation 18
• The World Bank, in coordination with IMF, and
  consulting with other Inter-Agency Task Force on
  Finance Statistics, to launch the public sector
  debt database in 2010
• Intention is to expand to other advanced
  economies
• Raised in G-20 bilateral visits on data gaps

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Purpose of the Public Sector Debt Statistics
Centralized Database

• The Public Sector Debt Statistics Guide was
  released in May 2011 (www.tffs.org/PSDStoc.htm)
  signed off by heads of all TFFS agencies.
• The classifications and definitions are
  harmonized with those used in other statistical
  manuals, such as the System of National Accounts
  2008 (SNA2008), Government Finance Statistics
  Manual 2001 (GFSM2001), and Balance of Payments
  and International Investment Position Manual
  (BPM6).

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Purpose of the Public Sector Debt Statistics
Centralized Database

• The public sector debt template shows gross debt
  data at nominal value and debt securities at
  market value. The debt data are disaggregated by
  maturity, by instrument, by currency, and by
  residence of the creditors.
• The intention is to provide globally comparable
  data.

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Public Sector Debt Template
Gross debt of institutional coverage at nominal value
Quarterly public sector debt data to be reported to the World Bank database.
By maturity and type of instrument
Short-term, by original maturity
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
Long-term, by original maturity
With payment due in one year or less
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
With payment due in more than one year
Special Drawing Rights (SDRs)
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
Total gross debt
Special Drawing Rights (SDRs)
Currency and deposits
Debt securities
Loans
Insurance, pensions, and standardized guarantee schemes
Other accounts payable
By currency of denomination
Domestic currency denominated
Foreign currency denominated
By residence of the creditor
Domestic creditors
External creditors
Memorandum item
Debt securities at market value
Required in all cases Central Government. Whenever available General Government, State and Local Government, Nonfinancial Public Corporations, and Financial Public Corporations
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Reporting data to the Public Sector Debt Database

• The participation of countries is voluntary. The
  minimum requirement is reporting of central
  government debt by instrument.
• Countries are encouraged to provide tables for
  other sectors. Additional breakdowns are also
  encouraged if these data are available or can be
  produced.
• The database frequency is quarterly, but if some
  components are only available annually, those
  data would also be acceptable.
• Currently, 34 countries report data to the public
  sector debt statistics database.

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Looking forward

• Use data collected by OECD, Eurostat, and ECB to
  develop comparison matrices to show overlaps, so
  that countries can re-use existing data series
  supplied.
• In November 2011, the remaining advanced
  economies are to be invited to participate in
  this database.