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State Finance Statistics and its Harmonization with International Standards


  • Lyudmyla Momotyuk

    () (National Academy of Statistics, Accounting and Auditing)


Government finance statistics is widely used to control the social and economic status of the society and carrying out analysis of economic processes occurring in the country. Globalisation processes and market economy condition require transition of the state finance statistics in Ukraine on international statistical standards that do determine the up-to-date trends of its reform. The article presents the analysis for compliance of the state finance statistics in Ukraine with the international standards, namely: the classification of budget revenues, budget expenditures, budget deficit, budget financing, national debt and budget funds account system. The requirement has been reasoned as to the comparability principle so that financial information in Ukraine to be in comparability with the countries whose statistical systems are harmonized with the Manual on Government Finance Statistics, 2001. This makes it impossible to ensure the comparability of statistical information on financial status of Ukraine, provides misrepresentation of solvency and investment attractiveness of the country.

Suggested Citation

  • Lyudmyla Momotyuk, 2013. "State Finance Statistics and its Harmonization with International Standards," Accounting and Finance, Institute of Accounting and Finance, issue 2, pages 93-99, June.
  • Handle: RePEc:iaf:journl:y:2013:i:2:p:93-99

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    More about this item


    government finance statistics; international standards; harmonization; public sector budget classification;

    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other


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