Questionnaire 0700 - Financial accounts – annual data

National Statistical Institute

Financial National Accounts Department

Desislava Malinkova
Petar Kamenov

State expert

2, P. Volov Str.; 1038 Sofia, Bulgaria

[email protected]
[email protected]

+359 2 9857 192
+359 2 9857 516

Annual national financial accounts reflect the balances of stocks and flows by institutional sectors of the economy: Non-financial corporations (S.11); Central Bank (S.121); Other monetary financial institutions (S.122+s.123); Non-Money-Market Investment Funds (S.124); Other Financial intermediaries, except insurance corporations and pension funds, financial auxiliaries and captive financial institutions and money lenders (s.125+s.126+s.127); Insurance companies and pension funds (S.128+s.129); General government (S.13); Households (S.14); Non-profit institutions serving households (S.15); Rest of the world (S.2). Balancing item is a net lending / net borrowing. Taxes and social security contributions are calculated using the method of time-adjusted cash basis in accordance with Regulation (EC) № 2516/2000 on taxes and social security contributions.

• European system of national and regional accounts, 2010 (ESA 2010);
• Manual on government deficit and debt - implementation of ESA 2010.

All institutional sectors of ESA 2010.

• European system of national and regional accounts, 2010 (ESA 2010);
• Manual on government deficit and debt - implementation of ESA 2010.

Enterprise.

Financial instruments by Institutional sectors

Financial indicators for all domestic sectors of economy (S.1) and Rest of the world (S.2)

1995-2016

Not applicable

Main data sources for compilation of annual financial accounts are:
• Annual statistical reports of NSI for institutional sectors: Non-financial enterprises; Other financial intermediaries except insurance corporations and pension funds, Insurance companies and pension funds, Non-profit institutions serving households;
• Balance sheets and trial balances of the sub-sectors of general government, Consolidated fiscal program;
• Monetary and banking statistics reports of the BNB for sectors "Central bank" and "Other monetary financial institutions" and balance of payments and International Investment Position  of the sector "Rest of the World";
• Information supplied by the Central Depository of quoted and unquoted shares and stock market for compensatory instruments.

Annually

Exhaustive surveys for all economic units.

Validation of the data from Eurostat by EDAMIS/STRUVAL.

Analysing, balancing, grouping.

Not applicable

· European Statistics Code of Practice;

· Common framework for quality management in the National Statistical System.

The quality assessment procedure includes arithmetical checks on the data and consistency checks with the ESA 2010.

Main users of date for Annual economic accounts:

· Eurostat;

· European Central Bank (ECB);

· Bulgarian National Bank (BNB);

· International financial institutions, etc.

Not applicable

Bulgarian financial accounts meet all requirements, concerning financial indicators and institutional sectors of ESA 2010.

Overall accuracy is ensured according to the above regulations.

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

According requirement of Eurostat main revisions and current revisions.

Current revision policy  yearly are made mainly, related with revisions of the data of Notification tables, International Investment position, Money and banking statistics, etc.

T+9 mounts in the current year with data for previous year, according Eurostat Transmission program requirements.

T+9, without any delay.

Not applicable

The published data for financial accounts for financial indicators and institutional sectors are comparable over time according Eurostat Transmission program requirements.

The elaboration of financial accounts followed procedures and rules that intended to ensure clarity and methodological reliability of the results:

· Consistency checks are performed using different data sources providing;

· In some cases additional enquiries are made in order to clarify the causes of some differences in primary data. In other cases the most methodologically reliable source are chosen.

Internal coherence is fully ensured.

Not applicable

Main macroeconomic indicators electronic format.

The survey results are available to all users on the NSI website under the heading Macroeconomic statistics  Financial national accounts: https://www.nsi.bg/en/node/6552

Not applicable

Not applicable

· Annual financial accounts - data sources and methods (Bulgaria);

· European system of national and regional accounts 2010.

Not applicable

Not applicable

· Law on Statistics;

· Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society.

Individual data are not published in accordance with article 25 of the Law on Statistics. The distribution of individual data can be performed only in accordance with article 26 of the same law.