integrating statistics on national accounts for ... philippine system of national accounts 2. ......
TRANSCRIPT
![Page 1: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/1.jpg)
Integrating Statistics
on National Accounts for
Sustainable Development Goals
Expert Seminar on Integrated Statistics for Sustainable Development Goals11-13 December 2017
UNESCAP, Bangkok, Thailand
VIVIAN R. ILARINAAssistant National Statistician
Philippine Statistics Authority
![Page 2: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/2.jpg)
Outline
1. Overview: Philippine System of National Accounts
2. Integrating National Accounts to SDGs
3. Existing Coordinative Mechanisms
2
![Page 3: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/3.jpg)
3
I. The Philippine System of
National Accounts (PSNA)
![Page 4: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/4.jpg)
CORE ACCOUNTS
SATELLITE ACCOUNTSQuarterly & Annual National Accounts
Institutional Sector Accounts
Regional Accounts (17 regions)
Provincial Accounts (for 2 pilot prov)
Input-Output Accounts
Environmental Accounts
Tourism Accounts
Health Accounts (SHA 2011)
Education
Non-Profit Institutions (pilot estimates)
Accounts compiled. . .
![Page 5: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/5.jpg)
5
II. Integrating National
Accounts to SDGs
![Page 6: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/6.jpg)
Goals
Targets
Indicators(unique)
17
232
Sustainable Development
Indicators
![Page 7: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/7.jpg)
7
Census, Survey & Administrative Data
Common base year to 2012 (from 2000);
Adoption of the 2008 SNÁ recommendations;
Use of new standards and classifications;
Inclusion of new industries/commodities;
Highlighting the emerging industries; and
Updated data from recent census &
survey of establishments
Integrating statistics. . .
![Page 8: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/8.jpg)
8
SDGs/Indicators
SNANational Accounts
Integrating SNA with SDGs …
![Page 9: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/9.jpg)
9
S N A
Data/Statistics
IndicatorsAccounts
Integrating SNA with SDGs …
![Page 10: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/10.jpg)
SDGs 8, 10 & National Accounts
Integrating SNA with SDGs …
![Page 11: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/11.jpg)
Philippines
I. SEEA, PEENRA & WAVES
11
Examples:
SDG 8 and National Accounts
Real GDP per capita
Tourism direct GDP to total GDP
Real GDP per employed person
SDG 8
SDG 8
SDG 8
![Page 12: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/12.jpg)
I. SEEA, PEENRA & WAVES
12
Examples:
SDG 10 and National Accounts
HH expenditure or income per capita
Labour share of GDP (wages & social
protection transfers)
SDG 10
SDG 10
![Page 13: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/13.jpg)
13
Govt Final Consumption Expenditure
Financial Reports from Govt Income &
Expenditures from Commission on Audit
SNA: GFCELess: Benefits, Grants, Donations
Plus: Expenditures on Health, Education, Social Welfare
Example:
Converting Admin Data to National
Accounts
![Page 14: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/14.jpg)
14
Exports of Goods
Reports from Customs on Value of Exports
SNA Value (FOB)Less: Special Transactions
Example:
Converting Admin Data to National
Accounts
![Page 15: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/15.jpg)
15
III. Mechanisms to integrate
statistics in National
Accounts for SDGs
![Page 16: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/16.jpg)
www.companyname.com© 2016 Jetfabrik Multipurpose Theme. All Rights Reserved.
16
Institutional
Organization
for the SDGs
The PSA Board enjoined all concernedgovernment instrumentalities toprovide the necessary data support tomonitor the country’s performance vis-à-vis the SDGs based on the indicatorframework that shall be determined bythe NEDA, PSA and other governmentagencies.
1. PSA Resolution No. 4 Series of 2016
![Page 17: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/17.jpg)
Republic Act No. 10625 or the Philippine Statistical Act of 2013 mandates the Philippine Statistics Authority (PSA) to prepare, in consultation with the PSA Board, a Philippine Statistical Development Program (PSDP).
17
2. Philippine Statistical Development Program (PSDP)
![Page 18: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/18.jpg)
18
1. Create more than six million jobs, perhaps, even 10 million jobs
2. Power and water will be regularly provided to all barangays
3. From a govt that merely conjures economic growth statistics to a govt that prioritizes jobs
1. One million employment generated per year
2. Percentage of HH with access to water supply increased
3. GDP increased from 6.8 percent in 2012 to 7.5-8.5 percent in 2016Sustainable
DevelopmentGoals
Socioeconomic Agenda• Arroyo (10-pt)• Aquino (16-pt)• Duterte (10-pt)
President’s advisers / Socio-economicteam
NEDAandotheragencies
Philippine Development
Plan
PDP targets
Statistical programs and activities to
produce statistics to monitor the targets
Philippine Statistical Development Program
(PSDP)
PSDP
![Page 19: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/19.jpg)
19
3.Executive Order No. 352 (1996)System of Designated Statistics (SDS)
“Designation of Statistical Activities That Will
Generate Critical Data for Decision-making of the
Government and the Private Sector”
Objectives
• identifies and generates the most critical and essential
statistics
• establishes priorities for data production
• identifies the sources of official statistics.
• defines the agency responsible, frequency of data
production and schedule of data dissemination.
EO 352 allows modifications of the SDS through the PSA Board.
![Page 20: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/20.jpg)
20
4. Data Quality Assessment Framework
(DQAF)for National Accounts Statistics (2004)
Section 4.1.2 Timeliness follows international standards which are the General and Special DataDissemination Standards(G/SDDS) of the International Monetary Fund
Standard Series Release
SDDS quarterly GDP within 3 months after the end of reference quarter
GDDS annual GDP 6 to 9 months after the end of reference year
![Page 21: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/21.jpg)
5. Modifications on Release Dates of a DesignatedStatistical Activity
Example:On its 1st Qtr 2017 Meeting on 14 Feb 2017,the PSA Board issued:
21
PSA Board Resolution 05
Series of 2017
APPROVING AND ADOPTING THE MODIFICATIONS IN THE
DESIGNATED STATISTICAL ACTIVITIES OF
THE BANGKO SENTRAL NG PILIPINAS AND
THE PHILIPPINE STATISTICS AUTHORITY
![Page 22: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/22.jpg)
Modifications on Release Datesof a Designated Statistical Activity of BSP
22
AS MODIFIED PER PSA Board RESOLUTION NO. 01 SERIES OF 2017-186
Designated Statistical Activity
Key IndicatorsGeographic
DisaggregationFrequency
Schedule of Data Dissemination
1. Generation of Monetary and Banking Statistics
a. Depository Corporations Survey- Net foreign assets- Net domestic assets- Monetary aggregates and variants
National Monthly 45 days after reference month
AS MODIFIED PER PSA Board RESOLUTION NO. 05 SERIES OF 2017Designated
Statistical ActivityKey Indicators
Geographic Disaggregation
FrequencySchedule of Data
Dissemination
1. Generation of Monetary and Banking Statistics
a. Depository Corporations Survey - Net foreign assets- Net domestic assets- Monetary aggregates and variants
National Monthly 30 days or One monthafter the reference month
![Page 23: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/23.jpg)
23
To operationalize the SDS and DQAF:
Ex: BSP Depository Corporations Survey:
6. Advanced Release Calendar (ARC)
BSP publishes ARC on their website :
Quarter Schedule of Release
January February 30
February March 30
March April 30
![Page 24: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/24.jpg)
90
70
62
60
60
56
52
50
49
45
35
28
28
15
14
0 10 20 30 40 50 60 70 80 90 100
Colombia
Turkey
Canada
Australia
India
Thailand
Mexico
Philippines
Malaysia
Japan
Indonesia
South Korea
US
China
Singapore
Days after the reference quarter
24
First releases of quarterly National Accountsof selected countries
Source: IMF Dissemination Standards Bulletin Board (DSBB)accessed July 25, 2017
SDDS
![Page 25: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/25.jpg)
Code Industry 90-day 42-day 35-day 30-day
B Mining and Quarrying 81.6% 58.1% 37.4% 17.3%
C Manufacturing 76.1% 40.6% 23.2% 6.2%
D Electricity, Gas, Steam and Air Conditioning Supply87.2% 68.9% 53.4% 21.6%
E Water Supply; Sewerage; Waste Management Activities94.4% 75.4% 51.6% 26.2%
F Construction 88.5% 50.8% 39.6% 17.2%
G Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles91.3% 61.1% 46.8% 16.1%
H Transportation and Storage 84.1% 55.3% 41.1% 18.0%
I Accommodation and Food Service Activities90.4% 59.7% 39.0% 15.9%
J Information and Communication83.2% 52.1% 33.5% 12.4%
K Financial and Insurance Activities85.9% 53.0% 33.4% 8.6%
L Real Estate Activities 88.0% 50.9% 38.9% 18.5%
M Scientific and Technical Activities75.0% 42.0% 27.4% 8.0%
N Administrative and Support Service Activities82.0% 44.5% 32.0% 9.9%
P Education 91.9% 66.7% 49.2% 28.0%
Q Human Health and Social Work Activities93.7% 69.8% 48.6% 20.4%
R Arts, Entertainment and Recreation84.6% 56.7% 38.5% 20.2%
S Other Service Activities 75.6% 40.2% 28.7% 17.7%
Grand Total 86.0% 55.2% 38.7% 15.8%
WHY ADMIN BASED DATA?Comparison of QSPBI Response Rates
Available for August 17
release
Available for August 10
release
![Page 26: Integrating Statistics on National Accounts for ... Philippine System of National Accounts 2. ... The Philippine System of National Accounts (PSNA) ... Financial Reports from Govt](https://reader031.vdocuments.net/reader031/viewer/2022022501/5aa991927f8b9a8b188d085c/html5/thumbnails/26.jpg)
7. Action requested from the PSA Board
Approval of the following resolutions:
1. Approving and Adopting the Modifications in the
Designated Statistical Activities of the Philippine
Statistics Authority
2. Enjoining Government Agencies and Other Data
Sources to Provide Timely Data Support for the
Earlier Release of the National Accounts