THE National Statistics Office (NSO) was represented at the Government Finance Statistics (GFS) regional workshop training held in Fiji, recently.
Focused on GFS Classification, Compilation and Dissemination, the training aimed at striking a balance between theoretical presentations and practical work and with the goal to enhance participant’s knowledge on the GFS framework.
Representing the office (NSO) was Principal Statistician, Moffat Sanau.
Mr. Sanau said being part of the training is a big leap for him as a statistician to improve his competence in the field of statistics.
He said the new knowledge acquired from the training was a bonus for him as it build his confidence to perform official duties and to produce quality data/statistics for the country.
Pacific Financial Technical Assistance Centre (PFTAC) supported and facilitated the training.
Mr. Sanau thanked PFTAC for making the training available and also acknowledged the NSO for their support in one way or the other.
Currently, the Ministry of Finance and Treasury (MoFT) staff works in collaboration with the Central Bank of Solomon Islands (CBSI) for the production of the country’s GFS.
The NSO used the data to mainly incorporate it in the Gross Domestic Product (GDP) compilation process.
The GFS framework is a measureable tool that supports fiscal analysis. Data generated from GFS used to;
- Support fiscal management and policy decisions
- enable analysts to assess financial soundness of general government and public sectors in ways commonly applied to other sectors of economy
- enable assessment of sustainability over the long term
- enable assessment of liquidity constraints and financing needs
- Be closely linked with other macroeconomic statistical systems (SNA, BOP, MFS)