The Journal of Income and Wealth
  • Year: 2010
  • Volume: 32
  • Issue: 1

Accounting for Autonomous Government Institutions and local bodies in national accounts

  • Author:
  • G.S.N. Murthy
  • Total Page Count: 12
  • Page Number: 66 to 77

National Accounts Division, Central Statistical Office.

Abstract

This paper attempts to compile macro-economic estimates for Quasi-Government Bodies (Autonomous Institutions) and Local Bodies by analysing some of the annual financial accounts of important autonomous institutions. The analysis aims at working out the ratios of own funds, compensation of employees, intermediate consumption and capital Formation from the total grants released to these sample institutions. These ratios when applied on total grants released to these institutions by the Government would give the estimates of macro aggregates in respect of these institutions. The paper also attempts to prepare macro aggregates for local bodies based on an analysis of the accounts of local body accounts on sample basis.