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Government Finance Statistics

Alberto F. Jiménez de Lucio, Hendrik Tillmann-Zorn, Ethan Weisman, and David Bailey

4.6

Based on 10 ratings

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Alberto F. Jiménez de Lucio, Hendrik Tillmann-Zorn, Ethan Weisman, and David Bailey

This course, presented by the IMF Statistics Department, focuses on both the conceptual framework of government finance statistics (GFS) as presented in the IMF’s Government Finance Statistics Manual 2014 (GFSM 2014, the update of the 2001 edition), and on practical aspects of data compilation.

The basic concepts, definitions, accounting rules, classifications and presentation tables of the GFS framework are discussed. The compilation and dissemination of comprehensive and cross country comparable GFS are explained.

Finally, the course shows how to use GFS to evaluate the impact of government activities on a country's economy.

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What's inside

Learning objectives

Upon completion of the course, participants should be able to:
• explain the basic concepts, definitions, and accounting principles in the integrated gfs framework.
• classify basic government flows and stock positions according to gfsm 2014.
• apply the general principles to classify an entity in the public sector and in relevant subsectors, such as the general government and public corporations.

• record the fiscal flows and stocks associated with the activities of public sector entities, following the gfsm 2014 guidelines and classifications.
• explain how the main gfs aggregates and analytical balances are calculated, and what they show about the government’s impact on the economy.
• develop a migration plan to adopt the gfsm 2014 methodology, and compile and disseminate gfs following international guidelines.
• recognize the value of comprehensive, consistent, and internationally comparable gfs, and the use of the key gfs indicators in the design, monitoring, and evaluation of fiscal policy.

Upon completion of the course, participants should be able to:
• explain the basic concepts, definitions, and accounting principles in the integrated gfs framework.
• classify basic government flows and stock positions according to gfsm 2014.
• apply the general principles to classify an entity in the public sector and in relevant subsectors, such as the general government and public corporations.
• record the fiscal flows and stocks associated with the activities of public sector entities, following the gfsm 2014 guidelines and classifications.
• explain how the main gfs aggregates and analytical balances are calculated, and what they show about the government’s impact on the economy.
• develop a migration plan to adopt the gfsm 2014 methodology, and compile and disseminate gfs following international guidelines.
• recognize the value of comprehensive, consistent, and internationally comparable gfs, and the use of the key gfs indicators in the design, monitoring, and evaluation of fiscal policy.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Focuses on conceptual framework and practical aspects of data compilation

Presented by the IMF Statistics Department, an authority in this field

Instructors are experts in government finance statistics

Core audience: Individuals involved in compiling government finance statistics

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Reviews summary

Comprehensive government finance statistics framework

According to students, this course provides a comprehensive and authoritative overview of Government Finance Statistics, particularly the GFSM 2014 framework. Learners found the content to be invaluable for their careers and a strong foundation for understanding fiscal flows and stock positions. While some describe the lectures as occasionally dense or dry, the practical examples and well-structured modules are frequently highlighted as positive aspects. The course is considered challenging yet rewarding, making it ideal for professionals seeking a deep dive into public finance.

Benefits from prior understanding of economic principles.

"It requires a good prior understanding of economic principles to fully grasp."

"I found myself needing to re-read sections multiple times to truly understand the complex topics."

"I had to look for external resources to deepen my understanding of certain topics."

Highly valuable for professionals in public finance and economics.

"It's a must for anyone working with GFS data."

"This course is invaluable for my career."

"I found this course perfect for professionals in my field."

Offers clear examples and a well-structured approach to complex topics.

"The practical examples truly helped in understanding the application."

"I found the modules to be well-structured, allowing me to learn at my own pace."

"This course helped me clarify many nuances and provided an integrated framework for government finance statistics."

Provides an authoritative and detailed understanding of GFSM 2014.

"The GFSM 2014 concepts were explained thoroughly, and the practical examples truly helped in understanding the application."

"I highly recommend this course; it clarifies many nuances of government finance statistics and provides an integrated framework."

"I found this course to be solid for understanding GFSM, and the material is extensive."

Content is thorough but can be dense and requires focused engagement.

"Some parts felt a bit dense and abstract, but the exercises were helpful."

"Sometimes the lectures were dry, and I found myself needing to re-read sections multiple times."

"While the information is vital, the course felt a bit outdated in its presentation style."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Government Finance Statistics with these activities:

Review IMF's Government Finance Statistics Manual 2014

Show steps

Familiarize yourself with the foundational concepts and framework of the Government Finance Statistics Manual 2014.

View South Africa on Amazon

Show steps

Read Chapters 1-3 to gain an overview of the basic concepts, definitions, and accounting rules in the GFS framework.
Review the classifications and presentation tables in Chapters 4-6.

Show all one activities

Career center

Learners who complete Government Finance Statistics will develop knowledge and skills that may be useful to these careers:

Budget Analyst

As a Budget Analyst, you will review and evaluate budget requests to ensure they are in line with the organization's strategic goals. You help develop and implement budgets that optimize resource allocation and achieve financial objectives. This course in Government Finance Statistics will provide you with a comprehensive understanding of government budgeting principles, classifications, and analytical techniques. It will enhance your ability to analyze, interpret, and communicate budget data, enabling you to make sound financial recommendations and contribute effectively to the budgeting process.

See salaries and explore the career path for Budget Analyst

Financial Analyst

As a Financial Analyst, you will assess financial data and make recommendations on investment strategies to help individuals and organizations meet their financial goals. This course in Government Finance Statistics will help you build a solid foundation in government accounting principles. You will gain insights into the financial operations of government entities, enabling you to better evaluate the financial health, performance, and sustainability of government agencies.

See salaries and explore the career path for Financial Analyst

Public Policy Analyst

As a Public Policy Analyst, you will research, analyze, and evaluate public policies to inform decision-making and improve public outcomes. This course in Government Finance Statistics will provide you with a deep understanding of the role of government finance in shaping public policies. You will gain insights into how government budgets and financial management practices impact economic growth, social welfare, and the overall well-being of society.

See salaries and explore the career path for Public Policy Analyst

Economist

As an Economist, you will use economic theories and data analysis to understand and forecast economic trends, develop policies, and make recommendations to governments, businesses, and individuals. This course in Government Finance Statistics will enhance your understanding of the macroeconomic impact of government fiscal policies. You will gain insights into how government spending, taxation, and debt management influence economic growth, inflation, and employment.

See salaries and explore the career path for Economist

Government Auditor

As a Government Auditor, you will examine and assess the financial activities of government entities to ensure compliance with laws, regulations, and accounting standards. This course in Government Finance Statistics will provide you with a comprehensive understanding of government accounting principles and auditing procedures. You will gain the skills and knowledge needed to effectively evaluate the financial operations of government agencies and identify areas for improvement.

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Accountant

As an Accountant, you will prepare and maintain financial records, prepare financial statements, and ensure compliance with accounting standards. This course in Government Finance Statistics may be useful in providing you with a deeper understanding of government accounting principles and practices. It can enhance your ability to accurately record and report the financial activities of government entities.

See salaries and explore the career path for Accountant

Tax Auditor

As a Tax Auditor, you will examine tax returns to ensure compliance with tax laws and regulations. This course in Government Finance Statistics may be useful in providing you with a better understanding of government revenue sources and tax policies. It can enhance your ability to interpret tax laws and identify potential areas of non-compliance.

See salaries and explore the career path for Tax Auditor

Data Analyst

As a Data Analyst, you will collect, analyze, and interpret data to identify trends, patterns, and insights. This course in Government Finance Statistics may be useful in providing you with a foundation in financial data analysis. It can enhance your ability to work with financial datasets and extract meaningful information for decision-making.

See salaries and explore the career path for Data Analyst

Statistician

As a Statistician, you will collect, analyze, and interpret data to provide insights and inform decision-making. This course in Government Finance Statistics may be useful in providing you with a better understanding of financial data and statistical techniques. It can enhance your ability to analyze government financial data and draw meaningful conclusions.

See salaries and explore the career path for Statistician

Actuary

As an Actuary, you will use mathematical and statistical methods to assess risk and uncertainty. This course in Government Finance Statistics may be useful in providing you with a foundation in financial risk analysis. It can enhance your understanding of financial principles and risk management techniques in the context of government budgeting and finance.

See salaries and explore the career path for Actuary

Forensic Accountant

As a Forensic Accountant, you will investigate financial fraud and other financial crimes. This course in Government Finance Statistics may be useful in providing you with a better understanding of government accounting principles and auditing procedures. It can enhance your ability to identify and analyze financial irregularities in the context of government operations.

See salaries and explore the career path for Forensic Accountant

Investment Analyst

As an Investment Analyst, you will evaluate and recommend investments for individuals and organizations. This course in Government Finance Statistics may be useful in providing you with a better understanding of government debt markets and investment strategies. It can enhance your ability to assess the financial health and investment potential of government bonds and other financial instruments.

See salaries and explore the career path for Investment Analyst

Financial Planner

As a Financial Planner, you will help individuals and families plan and manage their finances. This course in Government Finance Statistics may be useful in providing you with a better understanding of government tax policies and retirement planning. It can enhance your ability to develop comprehensive financial plans that consider the impact of government regulations and programs.

See salaries and explore the career path for Financial Planner

Banker

As a Banker, you will provide financial services to individuals and businesses. This course in Government Finance Statistics may be useful in providing you with a better understanding of government regulations and economic policies that impact the banking industry. It can enhance your ability to manage financial risks and navigate the regulatory environment in which banks operate.

See salaries and explore the career path for Banker

Loan Officer

As a Loan Officer, you will assess and approve loan applications and manage loan portfolios. This course in Government Finance Statistics may be useful in providing you with a better understanding of government-backed loan programs and credit risk analysis. It can enhance your ability to evaluate borrowers' financial health and make sound lending decisions.

See salaries and explore the career path for Loan Officer

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Government Finance Statistics.

South Africa

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Is the official manual for government finance statistics. It provides a comprehensive overview of the concepts, definitions, accounting rules, classifications and presentation tables of the GFS framework.

Public Finance and Public Policy

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Provides a comprehensive overview of public finance, including the role of government in the economy, taxation, public spending, and public debt.

Public Finance and Public Policy

Hardcover

$$$$

Public Finance and Public Policy

Hardcover

$$$$

Public Finance and Public Policy

Paperback

$$$$

Public Finance and Public Policy

Hardcover

$$$$

Public Finance and Public Policy Fourth Edition

Hardcover

$$$$

Public Finance and Public Policy

Hardcover

Loose-leaf Version for Public Finance and Public...

Loose Leaf

$$$$

Public Finance and Public Policy & Financial Times...

Product Bundle

$$$$

Public Finance and Public Policy & Wall Street...

Hardcover

$$$$

Public Finance and Public Policy

Kindle Edition

$$$

Fiscal Adjustments in OECD Countries

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Provides a theoretical and empirical analysis of government budgeting, including the political economy of fiscal policy, the effects of fiscal policy on economic growth, and the sustainability of public debt.

Fiscal Adjustments in OECD Countries

Paperback

Check price

Fiscal Adjustments in OECD Countries

Kindle Edition

Check price

Fiscal Policy under Low Interest Rates

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Provides a comprehensive overview of the effects of fiscal policy on economic growth, including the effects of government spending, taxation, and public debt.

Fiscal Policy under Low Interest Rates

Paperback

Fiscal Policy under Low Interest Rates

Kindle Edition

Fiscal Decentralization and Local Finance in...

Save

Provides a comparative analysis of public finance systems in different countries, including the role of government in the economy, taxation, public spending, and public debt.

Fiscal Decentralization and Local Finance in...

Hardcover

$$$$

EBOOK: Public Finance, Global Edition

Save

Provides a comprehensive overview of public finance, including the theory and practice of taxation, public spending, and public debt.

EBOOK: Public Finance, Global Edition (UK Higher...

Kindle Edition

The Future of Europe

Save

Provides a comprehensive overview of the political economy of fiscal policy, including the political economy of taxation, public spending, and public debt.

The Future of Europe: Reform or Decline

Kindle Edition

Lectures on Public Economics

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Provides a comprehensive overview of the economics of taxation, including the theory and practice of taxation, the effects of taxation on economic growth, and the challenges of taxation.

Lectures on Public Economics: Updated Edition

Hardcover

Lectures on Public Economics: Updated Edition

Kindle Edition

Financial and Sovereign Debt Crises

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Provides a comprehensive overview of the economics of public debt, including the theory and practice of public debt, the effects of public debt on economic growth, and the challenges of public debt.

Financial and Sovereign Debt Crises

Paperback

Check price

Financial and Sovereign Debt Crises

Kindle Edition

Check price

Economics

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Provides a comprehensive overview of the political economy of development, including the role of government in economic development, the effects of political institutions on economic growth, and the challenges of economic development.

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Rating

4.6

Effort

4 to 5 hours per week for 8 weeks

Level

Introductory

Via

edX

Institution

The International Monetary Fund

Instructors

Alberto F. Jiménez de Lucio

Hendrik Tillmann-Zorn

Ethan Weisman

David Bailey

Language

English

Transcript

English

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Focuses on conceptual framework and practical aspects of data compilation

Presented by the IMF Statistics Department, an authority in this field

Instructors are experts in government finance statistics

Core audience: Individuals involved in compiling government finance statistics

Government Finance Statistics

What's inside

Learning objectives

Traffic lights

Save this course

Reviews summary

Comprehensive government finance statistics framework

Activities

Career center

Reading list

Share

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edX Buyer Protection & Guarantee

Free Audit Track Available

14-Day Full Refund Window

Verified Academic & Industry Partner