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June 21, 2010

IMF Goes Wiki!

Posted by Julie Cooper 

The IMF has recently updated the details on Public Finance included in Wikipedia by adding a section to cover the Government Financial Statistics Manual 2001 as the relevant statistical reporting framework/methodology for government. The new section provides a succinct and clear message of the purpose, use, and importance of government financial statistics as a tool to support public finance management, financial accountability and economic analysis. GFSM 2001 is the internationally accepted standard for collecting and reporting on government financial statistics. The new section explains that the GFSM 2001 is consistent with regionally accepted statistical methodologies such as the European System of Accounts 1995, and also with the methodology of the System of National Accounts (SNA 1993), and broadly in line with its most recent update, the SNA 2008.

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