Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

BURKINA FASO Report on Government Finance Statistics Mission(March 18–29, 2024) November2024 Prepared ByFrancois Millogo and Yannick Isasi DISCLAIMER The contents of this document constitute a high-level summary of technical advice provided by the staff ofthe International Monetary Fund (IMF) to the authorities of a member country or international agency(the "CD recipient") in response to their request for capacity development. Unless the CD recipientspecifically objects within 30 business days of its transmittal, the IMF will publish this high-level summaryon IMF.org (seeStaff Operational Guidance on the Dissemination of Capacity Development Information). 2024 International Monetary Fund [HLS/24/06] High-Level Summary Technical Assistance ReportStatistics Department Government Finance Statistics Mission (March 18–29, 2024)Prepared by Francois Millogo and Yannick Isasi TheHigh-Level Summary Technical Assistance Reportseries provides high-level summaries ofthe assistance provided to IMF capacity development recipients, describing the high-levelobjectives, findings, and recommendations. ABSTRACT:This technical assistance (TA) mission report is on government finance statistics (GFS) andpublic sector debt statistics (PSDS). The mission worked on improving the GFS of the consolidation of thegeneral government sector, the extension of GFS coverage to include state-owned enterprises (SOEs)and on improving debt statistics. This mission is part of the implementation workplan of the RegionalTechnical Assistance Center of the International Monetary Fund for West Africa (AFRITAC West) andwas partly funded by the Data for Decisions (D4D) Fund aimed at enhancing data quality to better informeconomic policies in low- and middle-income countries. JEL Classification Numbers: H83; E62Keywords: General government; government finance statistics; public debt; public sector debt statistics;SOEs 1https://www.imf.org/en/Capacity-Development/D4D Background 1.As part of the implementation of the Regional Technical Assistance Center of theInternational Monetary Fund for West Africa (AFRITAC West) work plan, a technical assistance(TA) mission in the fields of government finance statistics (GFS) and public sector debt statistics(PSDS), took place in Ouagadougou, Burkina Faso, from March 18–29, 2024.This mission wasconducted by Mr. Francois Millogo, GFS Resident Advisor for AFRITAC West, and Mr. Yannick Isasi,short term expert in GFS. This mission was partly funded by theData for Decisions (D4D) Fund1aimed atenhancing data quality to better inform economic policies in low- and middle-income countries. 2.The mission was part of the continuation of the migration work towards theGovernmentFinance Statistics Manual 2014 (GFSM 2014) methodology and the implementation of the DirectiveNo. 10/2009/CM/UEMOA relating to the Tableau des opérations financières de l’Etat (TOFE)2withinthe WAEMU which was transposed, in Burkina Faso, through decree No. 2016602/PRES/PM/MINEFID/SG/DGTCP, of July 8, 2016, relating to TOFE. In this process of migration totheGFSM 2014, Burkina Faso succeeded in gradually extending the institutional coverage of the TOFE(Statement of Government Operations) to the entire General Government (GG) sector including thebudgetary central government (BCG), the extrabudgetary units (“établissements publics de l’Etat” -EPE-),the local government (LG) and the social security funds. However, considering the availability of data, theTOFE of the different sub-sectors are produced according to different frequencies: monthly for the BCG,quarterly for the extrabudgetary units and the LG and annually for the social security funds. Regarding thecompilation of GFS of the state-owned enterprises (SOEs), the process has started with the ultimateobjective of producing the TOFE for the entire public sector and subsequently including the otherstatements of theGFSM 2014analytical framework. 3.In the framework of the dissemination of GFS, Burkina Faso completes the IMF’s GFSquestionnaire each year for the GFS Yearbook3.In that regard, the statement of operations of thedifferent sub-sectors of the GG are available. But these data have not always been published since theyare not consolidated, that is, they have not been presented as representing a single unit by eliminatingreciprocal transactions within and between the different sub-sectors. 4.The main objective of this mission was to improve the consolidated statement ofoperations for the GG, and to produce debt statistics in accordance with thePSDS Guide 2011.Thespecific objectives of the mission were as follows: a.Refine the annual consolidated TOFE for GG for FY 2022.b.Examine the source data and the bridge table for extending the GFS coverage to publiccorporations.c.Review the TOFE of the LG units produced on an experimental basis.d.Assist in the compilation of public sector debt statistics by sub-sectors, maturity, type ofinstrument, and by creditor's residency.e.Assess the progr