7.1. This chapter describes the relationships between the GFS system in Australia and the following three information systems with which it is closely linked:
- The international standard for government finance statistics established by the International Monetary Fund (IMF), which provides the conceptual basis for Australia’s GFS system.
- The Australian system of national accounts (ASNA), which is based on international standards for national accounts set out in System of National Accounts 1993 (SNA93). The IMF’s GFS system is closely harmonised with SNA93. ‘Harmonised’ means that common statistical concepts are used and, to a degree, common classifications and items are also used, enabling links between the systems to be established. Consequently, there are close links between the ASNA and Australia’s GFS system, which is the main source of ASNA statistics about the general government sector and public non-financial corporations.
7.2. The main aim of the chapter is to provide a broad understanding of the relationships between the GFS system and the other statistical and accounting systems with which it can be linked.
- AAS31 ‘Financial Reporting by Governments’, which is the principal Australian Accounting Standard underlying the financial statements issued by Australian governments and most of the source data used by the ABS in compiling GFS.