Date post: | 04-Jan-2016 |
Category: |
Documents |
Upload: | junior-strickland |
View: | 213 times |
Download: | 1 times |
Arthur Berger
GDP by Final Expenditure, Shenzhen, China, 25-29 April 2011
Estimation of Government Current Expenditure on Goods and Services in the Canadian
SNA
23-04-20Statistics Canada • Statistique Canada2
Outline
1. Government sub-sectors in the Canadian SNA
2. Accounts that include Government Current Expenditure (GCE) in the Canadian SNA
3. Revision cycle
4. GCE estimation in nominal terms
5. Deflation of GCE
23-04-20Statistics Canada • Statistique Canada3
Government sub-sectors in the Canadian SNA
Federal government Provincial and territorial government Local government Canada Pension Plan (CPP) & Quebec Pension
Plan (QPP)
23-04-20Statistics Canada • Statistique Canada4
Accounts that include GCE in the Canadian SNA
Supply Use Accounts
Income & Expenditure Accounts
23-04-20Statistics Canada • Statistique Canada5
Revision cycle
Annual revisions Once a year, quarterly IEA are revised going back 3
years to align with the most recent supply-use tables
Sub-annual revisions Between annual revisions, quarterly IEA is revised
within the most recent reference year only
23-04-20Statistics Canada • Statistique Canada6
Revision cycle: GDP by final expenditure
Quarterly IEA annual supply-use
Jan-11
Feb-11 Q1/2010 - Q4/2010
Mar-11
Apr-11 2008 GDP C$
May-11 Q1/2008 - Q1/2011
Jun-11
Jul-11
Aug-11 Q1/2011 - Q2/2011 2008 GDP K$
Sep-11
Oct-11 2008 detail
Nov-11 Q1/2011 - Q3/2011
Dec-11
23-04-20Statistics Canada • Statistique Canada7
Revision cycle: GDP by final expenditure
2010 2009 2008
Feb-2011 1st annual estimate
May-2011 2nd annual estimate 3rd annual estimate final annual estimate
May-2012 3rd annual estimate final annual estimate
May-2013 final annual estimate
23-04-20Statistics Canada • Statistique Canada8
GCE estimation in nominal terms
“Current” quarterly estimation
Preliminary annual estimation
Final annual estimation
Federal government
Provincial and territorial governments
Local governments
CPP & QPP
23-04-20Statistics Canada • Statistique Canada9
GCE nominal: Federal government Final annual estimation Divided into budgetary and extra budgetary
components Budgetary – accounting system data Extra budgetary- annual and sub- annual
financial reports and statements of the extra-budgetary entities (about 100 entities)
23-04-20Statistics Canada • Statistique Canada10
GCE nominal: Federal government Final annual estimation
Total budgetary expendituresLess
Spending not on goods and services Transfer payments, Interest on public debt,
Intergovernmental transfers, Transfers to extra-budgetary entities
= Current and capital budgetary expenditures
23-04-20Statistics Canada • Statistique Canada11
GCE nominal: Federal government Final annual estimation Extra-budgetary part Transactions in the source documents are
analyzed and those that are purchases of goods and services are identified and aggregated
23-04-20Statistics Canada • Statistique Canada12
GCE nominal: Federal government Final annual estimation Current and capital expenditures – Capital
spending + Capital consumption allowances + consumption of FISIM = Gross current expenditure on goods and services
Gross current expenditure on goods and
services - Sales of goods and services = Net current expenditure on goods and services
23-04-20Statistics Canada • Statistique Canada13
GCE nominal: Federal government Preliminary annual estimation Budgetary part Similar to final annual estimation except that
since the Public Accounts of Canada is not usually available for the most recent year, monthly reports are used.
23-04-20Statistics Canada • Statistique Canada14
GCE nominal: Federal government Preliminary annual estimation Extra-budgetary part Similar to final annual estimation The main difference is source-data availability;
for some extra-budgetary entities, financial statements are not available for the reference year and previous year annual estimates must be projected.
23-04-20Statistics Canada • Statistique Canada15
GCE nominal: Federal governmentQuarterly estimation
Budgetary part: same information source as preliminary annual estimates
23-04-20Statistics Canada • Statistique Canada16
GCE nominal: Federal governmentQuarterly estimation
Extra budgetary part: similar to annual estimation, but not as much data available for some entities.
In these cases, the most recent data are projected forward using an average growth rate.
23-04-20Statistics Canada • Statistique Canada17
GCE nominal: Provincial government Final annual estimation Source documents: public accounts of each
province and territory for budgetary components and audited financial statements and annual reports of extra-budgetary entities.
23-04-20Statistics Canada • Statistique Canada18
GCE nominal: Provincial government Final annual estimation Current and capital expenditures – Capital
spending + Capital consumption allowances + consumption of FISIM = Gross current expenditure on goods and services
Gross current expenditure on goods and
services - Sales of goods and services = Net current expenditure on goods and services
23-04-20Statistics Canada • Statistique Canada19
GCE nominal: Provincial Health Final annual estimation Public health and social services: includes
hospitals, residential care facilities and other health and social service entities
Data sources include Canadian Institute for Health Information (CIHI), Statistics Canada surveys and provincial health ministry records
23-04-20Statistics Canada • Statistique Canada20
GCE nominal: Provincial Health Final annual estimation Public health and social services:
GCE is obtained by summing their operating expenditures. These surveys and records also provide the information to estimate sales of goods and services.
23-04-20Statistics Canada • Statistique Canada21
GCE nominal: Provincial post-secondary Final annual estimation
Public universities and colleges: expenditures on goods and services as well as sales of goods and services are obtained by Statistics Canada surveys
23-04-20Statistics Canada • Statistique Canada22
GCE nominal: Provincial government Preliminary annual estimation
Source information: budget estimates, quarterly and monthly financial reports obtained directly from governments and their subordinate entities
23-04-20Statistics Canada • Statistique Canada23
GCE nominal: Provincial health Preliminary annual estimation
For public health, social and universities, and post-secondary education, estimates for the more current years are projected using indicators such as provincial and territorial funding transfers and labour income time series.
23-04-20Statistics Canada • Statistique Canada24
GCE nominal: Provincial government Quarterly estimation
Information sources vary widely across jurisdictions: • accounting-system information• official budget estimates
public health, social services, and post-secondary education GCE growth rate is based on labour income
23-04-20Statistics Canada • Statistique Canada25
GCE nominal: Local government Final annual estimation
Information source: Financial reporting system information from municipalities is available from the Internet
Primary and secondary public education: data comes from census of provincial and territorial departments of education
23-04-20Statistics Canada • Statistique Canada26
GCE nominal: Local government Preliminary annual estimation
Sample surveys of information developed for budget estimate some financial statements is used
Primary and secondary public education: data comes from survey of provincial departments of education
23-04-20Statistics Canada • Statistique Canada27
GCE nominal: Local government Quarterly estimation
GCE growth rate is based on labour income
23-04-20Statistics Canada • Statistique Canada28
GCE nominal: CPP & QPP Annual estimation
Administrative expenditures of the Canada Pension Plan and Quebec Pension Plan are obtained from the accounting statements of the plans for both the preliminary and final estimates.
23-04-20Statistics Canada • Statistique Canada29
GCE nominal: CPP & QPP Quarterly estimation
Quarterly accounting statements of the plans
23-04-20Statistics Canada • Statistique Canada30
Deflation of GCE
For deflation purposes, GCE is broken down into components.
The deflation is carried out in three broad segments: compensation of employees; capital consumption allowances; and, all other current expenditures.
23-04-20Statistics Canada • Statistique Canada31
Deflation of GCE - Compensation of employees
Represents about 60% of GCE Hours worked is used as a measure of volume
of labour input. Hours worked is estimated using employment
data multiplied by average hours worked per employee
Quality change in labour input
23-04-20Statistics Canada • Statistique Canada32
Deflation of GCE Capital consumption allowance
• Current and constant linear depreciation are calculated by asset type from a perpetual inventory of capital stock model.
23-04-20Statistics Canada • Statistique Canada33
Deflation of GCE Other nonwage current expenditures
Other non-wage GCE is broken down into four parts: • defence • medicare • hospitals • a remainder for all other outlays
Combined, they represent about 30% of net government expenditure on goods and services.
23-04-20Statistics Canada • Statistique Canada34
Deflation of GCE Other nonwage current expenditures
Defense: a combination of various material and average hourly earnings indexes
Medicare expenditures are deflated using a fee-benefits index for physicians
Hospital expenditures are deflated with a fixed-weighted index of commodities used in hospitals.
23-04-20Statistics Canada • Statistique Canada35
Deflation of GCE Other nonwage current expenditures
The remaining portion of GCE is deflated using a base-weighted composite price index covering major operating expenditure categories
Prices come mostly form CPI, some from IPPI The weights come from the latest Input-Output
Tables.