Government Finance Statistics Manual Chapter 2 Form

Instructions and help about Government Finance Statistics Manual Chapter 2

[Music] welcome to the gfsm e-learning series in this episode I'm introducing you to the IMF standard for government Finance statistics gfsm refers to the government Finance statistics manual it is an international standard that provides Concepts classifications and definitions that help compilers prepare and Report fcal statistics so they are fit to use for policy analysis more than 140 countries around the world are currently using gfsm it is thus widely accepted as a basis through which fiscal statistics are comparable over time and across countries you may ask why is there a need for an international standard in the area of fiscal statistics governments are operating in an Ever more complex environment governments increasingly operate in global markets they have to present their operations in an internationally comparable format much like the private sector fiscal analysis is indispensable to meet the increased demands from the public for accountability and transparency comprehensi