General Data Dissemination System
|CORE FRAMEWORK: Central Government Operations|
| National Descriptor (as applicable):
|ENCOURAGED EXTENSION(S) (as applicable):|
| National Descriptor (as applicable):
|National Methodological Publication (as applicable):
|I. Analytical Framework, Concepts, Definitions, and Classifications|
|Analytical Framework, Concepts, Definitions, and Classifications
5.1.1 Statistical presentation
The Ministry of Finance (MOF) is responsible for the compilation of data on central budgetary government operations.
Tax revenue includes tax on income and profits, customs duties, excise duties, sales tax and other indirect taxes. Non-tax revenue includes revenue from investments and property, fees and other (government property, pension contributions, judicial fines, miscellaneous, automated teller machine and aids levy).
Data is presented in the following statistical framework:
Goods and Services
Wages amp; Salaries
Subsidies, Pensions and Transfers
Capital Expenditure amp; Net Lending
Net Foreign Financing
Net Domestic Financing
2.1.1 Concepts and definitions
Upon Parliament approval for a given budget, the Budgets Division of the Ministry of Finance (MOF) sets monthly targets of revenue and expenditure. The Budget is largely divided into recurrent expenditure and capital expenditure, which is composed of requirements for public sector investment programmes. The main source of the tax revenue is the Zimbabwe Revenue Authority. Data for non - tax revenue is also compiled on a monthly basis. Expenditure data is compiled monthly from the monthly expenditure reports of the ministries. The Accountant General's Office is responsible for Government Financial Accounts. The revenue and expenditure accounts are compiled in the form of monthly and cumulative budgetary data.
In the classification system, data on revenues are disaggregated into tax and non-tax revenue components, where non-tax revenue includes revenue from fees and charges on Government services, central bank profits, revenue from investments and property, and sale of assets. Tax revenue indicates the sub-components of direct tax and indirect tax. This classification gives insight on economic activity as well as its impact on the tax revenues.
|II. Scope of the data|
Scope of the data
Transaction Coverage: Development budget operations that are entirely externally financed through direct provision of goods and services have annual statements compiled by the MOF. Grants in kind received by government units are not being captured in the operations data. However, MOF compiles separate annual statements covering these.
Geographic Coverage: Central Government operations data are yet to be consolidated.
Unit Coverage: Budgetary Central Government Operations data covers the operations of government units in terms of recurrent and development expenditures. Government units comprise the line ministries, departments, commissions and statutory funds set for specific purposes. In the recurrent budget only transfers to special funds and extra-budgetary units at the central government level are recorded. The portions of the funds, which they are authorized to retain to meet their operations, are not included in central government operations data.
Besides the central government units, there are urban councils and district councils in Zimbabwe that constitute the local government. Currently data for these units are not consolidated into a general government statement. The central government operations statement includes transfers to the local government.
Exceptions to coverage
Extra budgetary units
Nonprofit institutions serving government, funds that schools collect from students for their capital projects.Periodicity
Cumulative budgetary data are compiled on a monthly basis. Revenue and Expenditure data, together with balance and financing breakdowns are compiled on a monthly basis. The data is cumulative monthly and annually.Timeliness
The Treasury Bulletin is published one month after the reference period (after data compilation). The other reports, listed below, are published about 6-9 months after the reference period:
|III. Accounting Conventions|
Transactions in foreign currency are converted at the official exchange rate prevailing at the time of the transaction. Currently the reporting currency is the USD.
2.4.2 Recording basis
The cash accounting basis is used. This includes both the actual and estimated revenues and expenditures. Revenue is recorded when collections are made by the ZIMRA; other non-tax income not channeled through the ZIMRA are recorded when cash is deposited. Expenditure is recorded when payments are made. The Cash Basis IPSAS of accounting and the GFSM 2001on cash basis is adopted.
|IV. Nature of the Basic Data Sources|
3.1.1 Source data collection programs
In compiling the Quarterly Report to Parliament and the Treasury Bulletin, MOF uses a number of sources such as:
The Public Finance Management System (PFMS) is instrumental in compilation of expenditure data. Data for central Government financing, that are domestic and foreign financing, are obtained from the Accountant General and the Reserve Bank of Zimbabwe.
3.1.3 Source data timeliness
The source data classification in chart of accounts used in the PFMS meets the requirements of GFSM 2001.
3.2.1 Source data assessment
Source data from transactions in line ministries is verified for quality through reconciliation in the PFMS.
|V. Compilation Practices|
3.3.1 Source data statistical techniques
Adjustments to data
Before the finalization of the monthly accounts, the AG uses the month end closure procedure for accounts verification.
|VI. Other Aspects|
4.2.1 Internal consistency
Detailed data on revenue and expenditure, together with budget balance and financing, are disseminated to permit crosschecking and some assurance of reasonableness.
4.2.2 Temporal consistency
Central Government fiscal year now coincides with the calendar year, which is from January to December.
0.2.1 Staff, facilities, computing resources, and financing
There is an integrated financial management system (IFMIS), termed PFMS/SAP, in place for accounting and reporting, managed in the Accountant General’s Department.
There is need for recourses to facilitate system connectivity in the outlying areas and training for all system users in the Accountant General’s Department and in the ministries.
There is need to train preparers of financial reports financial programming to facilitate implementation of the GFSM 2001, and integration with other statistical data reports.
|VII. Plans for Improvement|
Plans for improvement - Recent improvements
Plans for improvement - Short-term
Plans for improvement - Medium-term
Technical Assistance/Financing Needs/Other Prerequisites
Plans for improvement - TA/financing needs - Short-term
Plans for improvement - TA/financing needs - Medium-term