2.2 MARCO TEÓRICO
2.2.7 CLASIFICACIÓN DE LOS SOFTWARE SEGÚN SU
I. Assessment of Data Adequacy for Surveillance
General: Data provision has some shortcomings, but is broadly adequate for surveillance. The data categories most affected are the national accounts and price statistics. Burkina Faso has received technical assistance (TA) from the IMF on an ongoing basis; this has been partially financed by Japan.
National accounts: Annual GDP estimates are compiled by economic activity, by institutional sector accounts and by expenditure categories at current and constant prices (1999=100). Data quality is affected by the scarcity of suitable sources and deficiencies in statistical practices. Weaknesses include: coverage of the informal sector (due to limited, out of date surveys, and a failure of small enterprises to submit accounting statements or tax declarations); private household consumption data, which is not adequately validated with supply-use tables and updated household budget-consumption surveys; and delayed rebasing of NA. The national informal sector and employment survey was delayed in 2015 as a result of the 2014 popular uprising. Data were collected at end 2015. Data cleaning work has begun and will continue until the end of May 2016. The new base year will be 2014.
Price statistics: The CPI (2008=100) only covers African households in the capital; it excludes various types of purchased goods and services, and services of owner-occupied dwellings and prices of unavailable products are presumed unchanged for up to three months rather than imputed from recorded prices changes of closely related products. The producer price index and the wholesale price index are neither compiled nor envisaged due to budgetary constraints.
Government finance statistics: A committee oversees the compilation of government finance statistics, strengthening coordination among fiscal agencies. The provision of expenditure data has also improved with the adoption of functional presentation of expenditure. The remaining areas for improvement include mainly the extension of the TOFE coverage to the general government and basing its compilation on the Treasury ledger.
Monetary finance statistics: Most of the problems in monetary statistics are not specific to Burkina Faso but affect all member countries of the WAEMU. The BCEAO has encountered difficulties in estimating currency in circulation in each WAEMU member country due to large backlogs of unsorted banknotes held by the central bank in its various national agencies.
II. Data Standards and Quality
Burkina Faso participates in the General Data Dissemination Standard since December 28, 2001. A data ROSC visited Burkina Faso during May 8-21, 2003.
III. Reporting to STA
Balance of payments (BOP): The coverage of informal trade is incomplete and that of services and transfers (especially workers’ remittances) depends on contacts with reporting bodies. Annual surveys, reporting FDI transactions, are conducted yearly. BCEAO authorities have indicated that quarterly data derived from banking settlement reports are used to assess BOP reports; payment statements provide early information and support data quality controls. The BCEAO has started publishing IIP data in line with the BPM 6 format and has revised its surveys design and software accordingly. The BCEAO does not provide any metadata (describing its methodology). It participates in ECID surveys corresponding to direct investment presented on a bilateral basis (with partner countries).
Government Finances: Since October 2010, annual data and quarterly data covering the budget of the central government are reported to STA for publication in International Financial Statistics and the Government Finance Statistics yearbook. The latest reported data cover 2014. The BCEAO reports monetary data to STA with a lag of at most three months.
Burkina Faso: Table of Common Indicators Required for Surveillance
Date of latest observation
Date
received Frequency of Data6 Frequency of Reporting7 Frequency of Publication7
Memo Items:8 Data Quality – Methodological soundness9 Data Quality – Accuracy and reliability10
Exchange Rates Current Current D D D
International Reserve Assets and Reserve Liabilities of the Monetary Authorities1
2/2016 4/2016 M M M
Reserve/Base Money 2/2016 4/2016 M M M
LO, LO, LNO, O LO, O, O, O, O
Broad Money 2/2016 4/2016 M M M
Central Bank Balance Sheet 2/2016 4/2016 M M M
Consolidated Balance Sheet of
the Banking System 2/2016 4/2016 M M M
Interest Rates2 3/2016 4/2016 M M M
Consumer Price Index 3/2016 4/2016 M M M O, LNO, O, O LNO, O, O, O, NA
Revenue, Expenditure, Balance and Composition of Financing3 – General Government4
12/2014 10/2015 I I I
O, LO, O, O O, LO, O, O, LNO
Revenue, Expenditure, Balance and Composition of Financing3– Central Government
12/2016 3/2016 M M M
Stocks of Central Government and Central Government-Guaranteed Debt5 12/2015 3/2016 A A A INTERNATION AL MONETA RY FUND 9 BURKINA FASO
Burkina Faso: Table of Common Indicators Required for Surveillance (concluded)
External Current Account Balance 2014 3/2016 A A A
O, O, O, O LO, O, LO, O, O
Exports and Imports of Goods and
Services 2014 3/2016 A A A
GDP/GNP 2013 5/2015 A A A LO, LNO, LNO, LO LNO, LNO, LO, LO,
LNO
International Investment Position6 2014 1/2016 A A A
1/Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
2/ Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds. 3/ Foreign, domestic bank, and domestic nonbank financing.
4/ The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments. 5/ Including currency and maturity composition.
6/ Includes external gross financial asset and liability positions vis-à-vis nonresidents.
7/ Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
8/ These columns should only be included for countries for which Data ROSC (or a Substantive Update) has been published.
9/ Reflects the assessment provided in the data ROSC or the Substantive Update (published on March 10, 2004, and based on the findings of the mission that took place during May 8-21, 2003) for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording, respectively, are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA). 10/ Same as footnote 9 except referring to international standards concerning, respectively, source data, assessment of source data, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies.
INTERNATIONAL MONE
TARY FUND
BURKI