Page 89 - Revista del Centro de Investigación y Desarrollo del INEI - Economía, Sociedad y Estadística N° 9

Annex 2
Treatment of government-produced services with and without recording the imputation of other subsidies on production
An exercise is presented on the impact of incorporating the record of other subsidies on production (D39) on the recording of the System of National Accounts 2008.
Table 2.1: System of National Accounts 2008: current, capital and financial accounts,
The exercise involves the output of government services, to the value of 100, corresponding to the payment of compensation (for simplicity). The record without
imputation is set out in table A2.1, while the record with the imputation is set out in table A2.2.
government output without other subsidies on production
Table A2.1
System of National Accounts 2008: current, capital and financial accounts, government output without other subsidies on production
Central bank Deposit-taking Non-financial Households General government Total economy Rest of world Goods and
services
corporations
corporations
Accounts Concepts a
Uses Resources Uses Resources Uses Resources Uses Resources Uses Resources Uses Resources Uses Resources Resources Uses
External P6 Exports of goods
balance of and services
goods and
services P7 Imports of goods
and services
Production P13 Gross output 100 100 100
account valued at basic prices
D21-D31 Taxes less 0
subsidies on products
P2 Intermediate 0 0
consumption
B1g Value added, gross 100 100
at basic prices/
GDP at market prices
P51.c Consumption 0 0
of fixed capital
B1n Value added, net, 100 100
at basic prices/
NDP at market prices
Generation B1n Value added, net 100 100
of income at basic prices/
account NDP at market prices
D1 Compensation 100 100
of employees
D21-D31. Taxes less 0
subsidies on products
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Table A2.1 (concluded)
D39 Other subsidies
on production Central bank Deposit-taking Non-financial Households General government Total economy Rest of world Goods and
corporations
services
corporations
Accounts Concepts a
B2g Operating surplus, 0 0
gross Uses Resources Uses Resources Uses Resources Uses Resources Uses Resources Uses Resources Uses Resources Resources Uses
Allocation D1 Compensation 100 100
of primary of employees
income
account D21-D31 Taxes less 0
subsidies on products
B5n Balance of 100 0 100
primary income, net/
National income, net
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Secondary B5n Balance of 100 0 100
distribution primary income, net/
of income National income, net
account
B6n Disposable 100 0 100
income, net/NDP, net
Use of B6n Disposable 100 0 100
disposable income, net/NDP, net
income P3 Final consumption 100 100 100
account expenditure
B8n Saving, net/ 100 -100 0
National saving, net
Deposit-taking Non-financial Goods and
Central bank Households General government Total economy Rest of world
Accounts Concepts corporations corporations services
Applications Origins Applications Origins Applications Origins Applications Origins Applications Origins Applications Origins Applications Origins Resources Uses
Capital B8n Saving, net/ 100 -100 0
account National saving, net
B9 Net lending/ 100 -100 0
net borrowing
Financial B9 Net lending/ 100 -100 0
account net borrowing
F22 Government -100 -100 -100 -100
current account
deposits in the
central bank
F22 Households’ 100 100 100 100
accounts in savings
banks
F21 Bank reserves 100 100 0 0
Source: European Commission and others, System of National Accounts 2008 (ST/ESA/STAT/SER.F/2/Rev.5), New York, 2016 [online] https://unstats.un.org/unsd/nationalaccount/
docs/sna2008.pdf.
a The code used corresponds to the transaction classifications of the System of National Accounts 2008.
Source: European Commission and others, System of National Accounts 2008 (ST/ESA/STAT/SER.F/2/Rev.5), New York, 2016 [online] https://unstats.un.org/
unsd/nationalaccount/ docs/sna2008.pdf.a The code used corresponds to the transaction classifications of the System of National Accounts 2008.
a The code used corresponds to the transaction classifications of the System of National Accounts 2008.
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