Government Finance Statistics for Central Government (continued)
|
2011 Actual |
2012 Forecast |
2013 Forecast |
2014 Forecast |
2015 Forecast |
2016 Forecast |
|
|---|---|---|---|---|---|---|
$million |
||||||
| Net operating balance | (13,906) | (5,290) | (3,964) | 1,225 | 2,933 | 5,022 |
| Fiscal Balance (Net lending/borrowing) | (14,815) | (6,765) | (5,987) | (738) | 509 | 2,815 |
| Cash surplus/(deficit) | (10,144) | (10,428) | (8,597) | (5,080) | (2,377) | 765 |
| Net worth | 77,841 | 67,199 | 61,500 | 61,866 | 64,601 | 69,415 |
| Net financial worth | 5,398 | 17,515 | 25,237 | 26,834 | 26,523 | 23,916 |
| Borrowing | 62,606 | 71,102 | 70,065 | 79,092 | 74,997 | 75,007 |
%GDP |
||||||
| Net operating balance | (6.9) | (2.5) | (1.8) | 0.5 | 1.2 | 2.0 |
| Fiscal Balance (Net lending/borrowing) | (7.4) | (3.3) | (2.7) | (0.3) | 0.2 | 1.1 |
| Cash surplus/(deficit) | (5.1) | (5.0) | (3.9) | (2.2) | (1.0) | 0.3 |
| Net worth | 38.9 | 32.3 | 28.2 | 26.7 | 26.5 | 27.2 |
| Net financial worth | 2.7 | 8.4 | 11.6 | 11.6 | 10.9 | 9.4 |
| Borrowing | 31.3 | 34.2 | 32.2 | 34.1 | 30.7 | 29.3 |
The following tables provide additional detail around the calculation of the key indicators.
| Table | Name of the statement | What the statement shows |
|---|---|---|
| 20 | Statement of operations | A summary of the results of all transactions during an accounting period. |
| 21 | Statement of other economic flows | Changes to stocks of assets, liabilities and net worth that come about from sources other than transactions. |
| 22 | Balance sheet | Stocks of assets and liabilities and the corresponding net worth. |
| 23 | Statement of sources and uses of cash | A summary of all cash flows presented using classifications similar to the Statement of Operations. |
| 24 | Statement of stocks and flows | How the operating balance is applied to capital investment and debt repayment at a component level. |
| 25 | Reconciliation between GAAP and GFS operating balance | The adjustments between the GAAP and GFS operating balance. |
| 26 | Reconciliation between GAAP residual cash and GFS cash surplus/(deficit) | The adjustments between the GAAP and GFS cash indicators. |
The GFS manual (on the IMF's website) should assist with definitions for some of the terminology used in this section.
