In the Government Finance Statistics (GFS), what comprises the general government sector (GG) and the central government sector (CG)?
Please note the following:
GG = CG + SG + LG + CT
GG (Consolidated General Government)CG (Consolidated Central Government)
SG (State Government)
LG (Local Government)
CT (Consolidation Adjustment for GG) It is used to eliminate any double-counting between the sub-sectors of the General Government.
CG = BA + EA + SS + CC
CG (Consolidated Central Government)BA (Budgetary Government)
EA (Extrabudgetary Accounts)
SS (Social Security)
CC (Consolidation Adjustment for CG) It is used to eliminate any double-counting between the sub-sectors of the Central Government.
For more detailed information, please
check the Government Finance Statistics Manual, chapter
2.
The IFS dataset can be found here.