I – SAVINGS-INVESTMENT ACCOUNT OF THE FEDERAL ADMINISTRATION AND FEDERAL PUBLIC SECTOR
I.1. Methodology
The savings - investment account has two versions: the cash basis including the whole Federal Public Sector and the accrual basis, which refers to the Federal Public Administration only.
The Federal Public Sector Budget is made up of the Federal Administration and the Public Enterprises.
The Federal Public Administration Budget comprises the Central Administration, the Decentralized Agencies and the Social Security Institutions.
The differences in methodology utilised for the execution of the budget on an accrual basis and the execution of the budget on a cash basis are the following:
|
Accrual Basis |
Cash Basis |
|
Recording criteria where the fiscal year imputation is independent of the time the movement of funds occurs. Revenue: The net value is recorded, i.e., the shared revenue is deducted. |
Quantifies the movement of funds independently of the corresponding fiscal year. Revenue: includes revenue sharing to Provinces. |
|
Accrual Basis |
Cash Basis |
It should be borne in mind that the accrued execution of the Federal Administration, as well as the cash basis, includes the amounts corresponding to the compensation fund for family allowances.
Furthermore, automatic transfers to provinces corresponding to Chapter IV are equivalent to those in the cash basis execution.
In addition, the budget data on Financial Sources and Allocations differ in methodology from the cash basis execution. Following is a summary of the main differences.
|
CASH BASIS EXECUTION |
ACCRUED EXECUTION |
|
|
SOURCES |
Reduction of cash and securities: reflects the cumulative amounts in the months when it was a source of funding. Includes the reduction of receivables cancelled within the fiscal year. Excludes increases of liabilities, which were not included in the movement of funds in the cash flow. Includes the placement of short-term bills (Letes) maturing within the budget year. Excludes the solvent debt. |
Reduction of cash and securities: reflects the net amounts for the period under analysis. Excludes this type of operation. Includes increases of liabilities, which were not included in the movement of funds in the cash flow. Excludes the placement of short-term bills (Letes) maturing within the budget year. The solvent debt is considered a means of funding. |
|
ALLOCATIONS |
Cash and securities: reflects the cumulative amounts in the months in which this was a financial allocation. Includes the amortization of short-term bills maturing within the budget year. Includes increases of accounts payable cancelled within the fiscal year. Excludes operations of cancellation of debt, which were not included in the movement of funds in the cash flow. Includes amortization of debt and reduction of other accrued liabilities from prior fiscal years. |
Cash and securities: reflects the net amounts for the period under analysis. Excludes this type of cash flow operation. Excludes this type of operation.
Includes operations of cancellation of debt, which were not included in the movement of funds in the cash flow. Excludes the amortization of debt and reduction of other accrued liabilities from prior fiscal years. |
