Government Finance Statistics

Government finance statistics (GFS) covers all financial activities of the government. GFS enables policy makers and analysts to assess impact of policy on the economy and allows international comparisons of government operations. The GFS presentation is similar to that of business accounting where the profit and loss accounts and the balance sheet are presented in an interlinked manner. Since GFS emphasizes on the economic substance over the legal form of events it differs noticeably from the budget or public accounting reports that appear in national presentation of government operations. These tables are updated once a year before the end of March.

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