Rosstat and CB to provide statistics on volume of financial assets and liabilities of RF

The First Deputy Chairman of the Central Bank of the Russian Federation, Ksenia Yudaeva, and the Deputy Head of the Federal Service of State Statistics, Irina Masakova, spoke about the first publication of financial accounts and the balance of financial assets and liabilities, which will complete the macroeconomic model of the system of national accounts of the Russian Federation, as well as about the reasons why it is being done. With the implementation of this phase of the improvement of national statistics, a wide range of users will get access to a consistent statistical description of the Russian economy, from indicators of production and use of GDP, to total financial characteristics – net creditor or net borrower – with a detailed description of changing relationships between institutional sectors during the reporting period. The balance indicators of the financial assets and liabilities are intended to reflect the assessment of the accumulated financial assets and liabilities of the Russian Federation, the net magnitude of which is a significant element of the national wealth.