Home Key Indicator Comparison of Financial indicator IMF Government Finance Statistics

IMF Government Finance Statistics

  • The Government Financial Statistics Manual (GFSM) and the Public Sector Debt Statistics (PSDS): publications of the IMF
    • The IMF GFSM was first established in 1974 to generate national financial statistics that can clearly identify the government’s financial health and was revised three times (in 1986, 2001, and 2014). Korea announces its national statistics according to both 1986 and 2001 GFSMs
    • The 2001 revision changed the accounting method based on the accrual basis match the manual with the SNA
    • The general governments, including the government and non-profit public institutions, are the subjects of the GFSM
  • - PSDS is the detailed guidelines for debt statistics established jointly by international organizations, such as IMF and OECD, to meet the demand for statistical data on public sector debt after the 2008 financial crisis. It was officially announced in 2013.

General Government Fiscal Revenue

  • The Government Financial Statistics Manual (GFSM) and the Public Sector Debt Statistics (PSDS): publications of the IMF.
    • The IMF GFSM was first established in 1974 to generate national financial statistics that can clearly identify the government’s financial health and was revised three times (in 1986, 2001, and 2014). Korea announces its national statistics according to both 1986 and 2001 GFSMs.
    • The 2001 revision changed the accounting method based on the accrual basis match the manual with the SNA.
    • The general governments, including the government and non-profit public institutions, are the subjects of the GFSM.
  • PSDS is the detailed guidelines for debt statistics established jointly by international organizations, such as IMF and OECD, to meet the demand for statistical data on public sector debt after the 2008 financial crisis. It was officially announced in 2013.
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(Unit : % of GDP)

* Source : IMF Fiscal Monitor April 2023