Edward Scicluna

Finance Ministry takes note of reported error by NSO

The Ministry for Finance notes the statement issued by the National Statistics Office (NSO) which said that the post production validation and checking process has identified a compilation error in the component “Taxes on Production and Imports” originally published on 6 September 2013.

According to the statement, this had a significant effect on the Gross Domestic Product figure for 2013 Quarter 2, which in September 2013 was mistakenly listed as 1.7%, but was in fact recalculated to 3.6%.

Figures for 2013 Quarter 2 as published in New Release 170/2013 have been corrected. The relevant News Release, may be accessed here.

The Ministry for Finance notes that, in line with the European Statistics Code of Practice, which requires that errors discovered in published statistics are corrected at the earliest possible date and publicised, NSO recalculated provisional GDP estimates for the second quarter as published last month.

The Ministry is informed that Eurostat has been notified accordingly.

The Ministry has also received assurances that the error occurred within the statistical agency and was not contained in any upstream tax data provided by the Finance Ministry.

In the circumstances, the Minister for Finance will be asking the Chairman of the Malta Statistics Authority (MSA), the independent regulator for official national statistics, to investigate what may have led to the error, together with any other related issues. The Minister will be requesting a detailed report including recommendation for the further strengthening of the institution.

In the meantime, the Ministry wishes to state that the draft Budget for 2014 is based on an economic forecast for 2014, which in turn is estimated over a long-term time-series, and is therefore not expected to be affected by one particular quarter.

 

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Il-Ministeru għall-Finanzi jikkumenta dwar l-izball irrappurtat mill-NSO

Il-Ministeru għall-Finanzi jinnota l-istqarrija maħruġa mill-Uffiċċju Nazzjonali tal-Istatistika (NSO) li semmiet li l-validazzjoni tal-post produzzjoni u l-proċess ta’ kontroll identifikaw żball ta’ kumpilazzjoni fil-komponent “Taxxi fuq Prodotti u Importazzjonijiet” li kienu oriġinarjament ippubblikati nhar 6 ta’ Settembru 2013.

Skont l-istqarrija, dan kellu effett sinifikanti fuq il-figura tal-Prodott Gross Domestiku għat- tieni Kwart tal-2013, li f’Settembru tal-2013 kien elenkata bi żball bħala 1.7%, iżda kien fil-fatt ikkalkulat mill-ġdid għal 3.6%.

Figuri għat-tieni Kwart tal-2013 kif ippubblikati fl-Isqarrija l-Ġdida 170/2013 ġew ikkoreġuti. L-Isqarrijiet tal-aħbarijiet relevanti, jinstabu hawn.

Il-Ministeru għall-Finanzi jgħid li, skont il-Kodiċi ta’ Prattika għall-Istatistika Ewropea, li jirrikjedi li l-iżbalji skoperti fl-istatistiċi ppubblikati jiġu kkoreġuti fl-aktar data kmieni possibbli u ppubblikata, l-NSO kkalkulat mill-ġdid estimi proviżorji tal-PGD għat-tieni kwart kif ippubblikat ix-xahar li għadda.

Il-Ministeru huwa infurmat li l-Eurostat ġiet innotifikata b’dan.

Il-Ministeru rċieva wkoll assigurazzjonijiet li l-iżball seħħ fl-aġenzija tal-istatistika u ma kinitx tinsab f’xi data fiskali pprovduta mill-Ministeru tal-Finanzi.

Fiċ-ċirkostanzi, il-Ministru għall-Finanzi ser jkun qed jitlob liċ-Ċermen tal-Awtorità tal-Istatistika Maltija (MSA), ir-regolatur indipendenti għall-istatistika nazzjonali uffiċjali, biex jinvestigaw x’seta’ wassal għall-iżball, flimkien ma’ kwalunkwe kwistjonijiet relatati oħra. Il-Ministru se jkun qed jitlob rapport dettaljat inkluż ir-rakkomandazzjoni għat-tisħiħ tal-istituzzjoni.

Fil-frattemp, il-Ministeru jixtieq jiddikjara li l-abbozz tal-Baġit għall-2014 huwa bbażat fuq tbassir ekonomiku għall-2014, li mbagħad huwa stmat fuq serje ta’ żmien fit-tul, u għalhekk mhux mistenni li jiġi affettwat minn dwan it-tlett xhur

 

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– Tuesday, 22nd October, 2013

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