Page 93 - Revista del Centro de Investigación y Desarrollo del INEI - Economía, Sociedad y Estadística N° 9

ANNEX 3

HOW TO RECORD GOVERNMENT SUPPORT TO EMPLOYERS, SELF-EMPLOYED WORKERS AND HOUSEHOLDS
Annex 3
TO MITIGATE THE IMPACT OF THE COVID-19 PANDEMIC
How to record government support to employers, self-employed workers and households
to mitigate the impact of the COVID-19 pandemic
Note that the last column reflects the direct impact, all other things being equal, of government support on the
Note that the last column reflects the direct impact, all other things being equal, of government support on the main aggregates
main aggregates to the national accounts to mitigate the effects of the reduction in working hours (consequently,
to the national accounts to mitigate the effects of the reduction in working hours (consequently, it does not reflect the negative
it does not reflect the negative impact of the crisis on the operating surplus or mixed income, for example).
impact of the crisis on the operating surplus or mixed income, for example).
Government intervention Proposed national accounts recording Aggregates to the national accounts
1. Government to support employers (private Recorded as other subsidies on production
and public) maintaining their businesses and (D39) from the government to the employer and
keeping their employees on the payroll, with continued payment of remuneration by employer Operating surplus (B2) and mixed income
a view to having a quick return to production. to employees as wages and salaries (D11). (B3) of employers

Wages and salaries (D11)
Social benefits (D62)
Disposable income (B6) of households

Saving (B8) of the government
2. Government to support households Recorded as social security benefits (D621)
to maintain their income, payable or social assistance benefits (D.623) from the
as social benefits. government to households, and not as subsidies Operating surplus (B2) and mixed income
on production (D39) or continued payment of (B3) of employers
remuneration in the form of wages and salaries
(D11) from employer to employees for the
reduced working hours. Wages and salaries (D11)

Social benefits (D62)
Disposable income (B6) of households

Saving (B8) of the government
3. Government to support households Recorded as miscellaneous current transfers
to maintain their income, not payable (D75) from the government to households, and
as social benefits. not as subsidies on production (D39) or continued Operating surplus (B2) and mixed income
payment of remuneration in the form of wages (B3) of employers
and salaries (D11) from employer to employees
for the reduced working hours.
Wages and salaries (D11)

Social benefits [other than social
transfers in kind] (D62)
Disposable income (B6) of households

Saving (B8) of the government
4. Government to support self-employed Recorded as other subsidies on production (D39)
workers with a view to supporting from the government to the self-employed.
their business operations Mixed income (B3) of households

Disposable income (B6) of households

Saving (B8) of the government
Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of Eurostat; International Monetary Fund (IMF); Organization
Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of Eurostat; International Monetary Fund (IMF); Organization
for Economic Cooperation and Development (OECD) and United Nations, “COVID-19: How to Record Government Support to Employers, Self-
for Economic Cooperation and Development (OECD) and United Nations, “COVID-19: How to Record Government Support to Employers, Selfemployed
and Households. Statistical Advice”, 2020 [online] https://statswiki.unece.org/download/attachments/278038679/Recording%20
employed and Households. Statistical Advice”, 2020 [online] https://statswiki.unece.org/download/attachments/278038679/Recording%20
of%20government%20support%20to%20employers%20and%20self-employed.pdf?version=2&modificationDate=1587380197615&api=v2.
of%20government%20support%20to%20employers%20and%20self-employed.pdf?version=2&modificationDate=1587380197615&api=v2.
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