Table 0700 Financial national accounts| Contact |
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| Contact organisation | National Statistical Institute |
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| Contact organisation unit | Financial National Accounts Department |
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| Contact name | Desislava Malinkova
Petar Kamenov |
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| Contact person function | State expert |
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| Contact mail address | 2, P. Volov Str.; 1038 Sofia, Bulgaria |
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| Contact email address | [email protected]
[email protected] |
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| Contact phone number | +359 2 9857 192
+359 2 9857 516 |
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| Contact fax number | |
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| Statistical presentation |
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| Data description | 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. |
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| Classification system | • European system of national and regional accounts, 2010 (ESA 2010);
• Manual on government deficit and debt - implementation of ESA 2010. |
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| Sector coverage | All institutional sectors of ESA 2010. |
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| Statistical concepts and definitions | • European system of national and regional accounts, 2010 (ESA 2010);
• Manual on government deficit and debt - implementation of ESA 2010. |
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| Statistical unit | Enterprise. |
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| Statistical population | Financial instruments by Institutional sectors |
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| Reference area | Financial indicators for all domestic sectors of economy (S.1) and Rest of the world (S.2) |
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| Time coverage | 1995-2016 |
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| Base period | Not applicable |
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| Statistical processing |
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| Source data | 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. |
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| Frequency of data collection | Annually |
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| Data collection | Exhaustive surveys for all economic units. |
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| Data validation | Validation of the data from Eurostat by EDAMIS/STRUVAL. |
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| Data compilation | Analysing, balancing, grouping. |
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| Adjustment | Not applicable |
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| Quality management |
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| Quality assurance | · European Statistics Code of Practice;
· Common framework for quality management in the National Statistical System. |
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| Quality assessment | The quality assessment procedure includes arithmetical checks on the data and consistency checks with the ESA 2010. |
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| Relevance |
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| User needs | Main users of date for Annual economic accounts:
· Eurostat;
· European Central Bank (ECB);
· Bulgarian National Bank (BNB);
· International financial institutions, etc. |
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| User satisfaction | Not applicable |
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| Completeness | Bulgarian financial accounts meet all requirements, concerning financial indicators and institutional sectors of ESA 2010. |
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| Data completeness - rate | |
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| Accuracy and reliability |
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| Overall accuracy | Overall accuracy is ensured according to the above regulations. |
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| Sampling error | Not applicable |
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| Sampling errors - indicators | |
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| Non-sampling error | Not applicable |
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| Coverage error | Not applicable |
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| Over-coverage - rate | Not applicable |
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| Common units - proportion | Not applicable |
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| Measurement error | Not applicable |
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| Non response error | Not applicable |
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| Unit non-response - rate | Not applicable |
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| Item non-response - rate | Not applicable |
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| Processing error | Not applicable |
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| Imputation - rate | |
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| Model assumption error | Not applicable |
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| Seasonal adjustment | |
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| Data revision - policy | According requirement of Eurostat main revisions and current revisions. |
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| Data revision - practice | Current revision policy yearly are made mainly, related with revisions of the data of Notification tables, International Investment position, Money and banking statistics, etc. |
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| Data revision - average size | |
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| Timeliness and punctuality |
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| Timeliness | T+9 mounts in the current year with data for previous year, according Eurostat Transmission program requirements. |
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| Time lag - first results | |
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| Time lag - final results | |
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| Punctuality | T+9, without any delay. |
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| Punctuality - delivery and publication | |
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| Coherence and comparability |
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| Comparability - geographical | Not applicable |
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| Asymmetry for mirror flows statistics - coefficient | |
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| Comparability - over time | The published data for financial accounts for financial indicators and institutional sectors are comparable over time according Eurostat Transmission program requirements. |
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| Length of comparable time series | |
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| Coherence - cross domain | 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. |
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| Coherence - sub annual and annual statistics | |
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| Coherence - National Accounts | |
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| Coherence - internal | Internal coherence is fully ensured. |
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| Accessibility and clarity |
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| News release | Not applicable |
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| Publications | Main macroeconomic indicators electronic format. |
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| On-line database | The survey results are available to all users on the NSI website under the heading Macroeconomic statistics Financial national accounts: http://www.nsi.bg/en/node/6552 |
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| Data tables - consultations | |
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| Micro-data access | Not applicable |
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| Other | Not applicable |
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| Metadata - consultations | |
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| Documentation on methodology | · Annual financial accounts - data sources and methods (Bulgaria);
· European system of national and regional accounts 2010. |
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| Metadata completeness – rate | |
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| Quality documentation | Not applicable |
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| Cost and burden |
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Not applicable |
| Confidentiality |
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| Confidentiality - policy | · 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. |
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| Confidentiality – data treatment | 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. |
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| Comment |
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