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OECD Working Party on Financial Statistics launched the Public Sector Debt Database in 2010 to provide globally comparable data on public sector debt, disaggregated by maturity, instrument, currency, and residence of creditors. Countries can voluntarily participate by reporting central government debt data with additional breakdowns encouraged. Currently, 34 countries contribute to the database, with plans to invite more advanced economies. The purpose is to harmonize classifications with international statistical manuals and encourage data reusability. The database's quarterly frequency allows for annual data submission where necessary.
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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.
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
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).
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.
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.
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.