General government foreign debt

Turinys

  1. Contact
  2. Metadata update
  3. Statistical presentation
  4. Measurement unit(s)

  5. Reference period
  6. Institutional mandate
  7. Confidentiality
  8. Release policy
  9. Frequency of dissemination
  10. Accessibility and clarity
  11. Methodological documentation

  12. Quality management
  13. Relevance
  14. Accuracy and reliability
  15. Timeliness and punctuality
  16. Coherence and comparability
  17. Coherence
  18. Response burden

  19. Data revision

  20. Statistical processing
  21. Comments and other information


1 Contact
1.1 Contact organisation

Statistics Lithuania

1.2 Contact organisation unit

Knowledge Economy and Special Survey Statistics Division

1.3 Contact name

Daiva Girdauskienė

1.4 Contact person function

Chief Specialist

1.5 Contact mail address

29 Gedimino Ave., LT-01500 Vilnius, Lithuania

1.6 Contact email address

daiva.girdauskiene@stat.gov.lt

1.7 Contact phone number

+370 5 236 4785

1.8 Contact fax number

+370 5 236 4872

2 Metadata update
2.1 Metadata last certified

2013-11-26

2.2 Metadata last posted 2018-12-18
2.3 Metadata last update 2018-12-10
3 Statistical presentation
3.1

Description of statistical information (main characteristics, purpose)

The purpose is to prepare and publish statistical information on the Lithuanian government foreign debt, central government loans by financial institution, year of signing foreign loan agreements, directions of financing.

3.2

Classifications(s), classification system

Classification of Institutional Sectors and Subsectors;

Nomenclature of Countries and Territories.

3.3 Sector coverage

General government sector (central, local, social security funds).

3.4 Statistical concepts and definitions

Loan refers to a borrowing or lending instrument when, under a loan agreement, one party (the lender) transfers the ownership of money to the other party (the borrower), and the borrower undertakes to return the same amount of money to the lender and pay interest, if the loan agreement does not provide otherwise. Such a loan agreement does not include the issuance of securities or the signing of other debt instruments.

Foreign creditors are natural or legal persons whose main personal and economic interests lie in other countries (i.e. not in Lithuania), who are constantly living or operating abroad or who have been living or operating in Lithuania for less than a year and have purchased government securities, granted loans under loan agreements or other debt instruments.

General government foreign debt refers to the aggregate amount of the obligations assumed, but not discharged yet by the general government entities entitled to borrowing in respect of the repayment to foreign creditors of the funds borrowed under government securities distributed, loan agreements, leasing (financial lease) agreements signed and other debt instruments.

General government sector is a sector which includes the sectors of the central government (the Government and other entities of this sector), local government (municipalities and other entities of this sector) and state social security funds (State Social Insurance Fund, Compulsory Health Insurance Fund and other entities of this sector).

State guarantee refers to the property obligation of the State to repay a debt wholly or in part and to pay interest on the debt or part thereof to be repaid to a domestic or foreign creditor for a borrower the discharge of obligations whereof is guaranteed by the State in the event of the borrower’s full or partial default on obligations under a loan agreement or other debt instruments.

Government securities refers to the securities issued by the Government on behalf of the State on domestic or foreign markets attesting to the right of the holder thereof to obtain, within the time limits provided for, an amount corresponding to nominal value thereof, interest or another equivalent.

3.5 Statistical unit

Financial liability

3.6 Statistical population

Outstanding financial obligations of the general government entities having the right to borrow to foreign creditors.

3.7 Reference area

The entire territory of the country.

3.8 Time coverage

Since 1994

3.9 Base period

4

Measurement unit(s)

EUR million

5 Reference period

Half of the year

6 Institutional mandate
6.1 Legal acts and other agreements

Resolution No 702 of 21 May 2002 of the Government of the Republic of Lithuania concerning the functions of the Department of Statistics to the Government of the Republic of Lithuania (only in Lithuanian).

6.2

Data sharing and exchange

7 Confidentiality
7.1

Confidentiality policy

In the process of statistical data collection, processing and analysis and dissemination of statistical information, Statistics Lithuania fully guarantees the confidentiality of the data submitted by respondents (households, enterprises, institutions, organisations and other statistical units), as defined in the Confidentiality Policy Guidelines of Statistics Lithuania.

7.2 Confidentiality - data treatment

Description of Statistical Disclosure Control Methods, approved by Order No DĮ-124 of 27 May 2008 of the Director General of Statistics Lithuania.

Integrated Statistical Information System Data Security Regulations and Rules for the Secure Management of Electronic Information in the Integrated Statistical Information System, approved by Order No DĮ-240 of 16 September 2020 of the Director General of Statistics Lithuania.

8 Release policy
8.1 Release calendar

 Statistical information is published on the Official Statistics Portal according to the Official Statistics Calendar

8.2

Link to the release calendar

Official Statistics Calendar

8.3

Release procedure

Statistical information is published following the Official Statistics Dissemination Policy Guidelines and Statistical Information Preparation and Dissemination Rules (only in Lithuanian).

9 Frequency of dissemination

Biannual

10 Accessibility and clarity
10.1 News release

A news release on the general government foreign debt is published on 20 March.

10.2

Publications

-

10.3

Databases

Database of Indicators (Economy and finance (macroeconomics) -> General government foreign debt)

10.4

Access to micro data

Microdata are available and provided for scientific purposes according to the provisions set in the Description of Procedures for the Provision of Confidential Statistical Data for Scientific Purposes. More information is available on the Official Statistics Portal, at Data for scientific purposes.

Public data files: users are also provided with opportunity to access public files with statistical data on observation units. More information is available on the Official Statistics Portal, at Public data files.

10.5 Other

11

Methodological documentation

General government foreign debt

12 Quality management
12.1 Quality assurance

The quality of statistical information and its production process is ensured by the provisions of the European Statistics Code of Practice and ESS Quality Assurance Framework

In 2007, a quality management system, conforming to the requirements of the international quality management system standard ISO 9001, was introduced at Statistics Lithuania. The main trends in activity of Statistics Lithuania aimed at quality management and continuous development in the institution are established in the Quality Policy. Monitoring of the quality indicators of statistical processes and their results and self-evaluation of statistical survey managers is regularly carried out in order to identify the areas which need improvement and to promptly eliminate the shortcomings.

12.2 Quality assessment

Statistical data control is performed on a biannual basis. In case of changes in administrative data, statistical data are revised.

13 Relevance
13.1 User needs

The main users of statistical information are State and municipal authorities and agencies, international organisations, the media, research and business communities, students, whose needs are satisfied without a breach of the confidentiality principle.

13.2 User satisfaction

From 2005, user opinion surveys have been conducted on a regular basis. Official Statistics Portal traffic is monitored, website visitor opinion polls, general opinion poll on the products and services of Statistics Lithuania, target user group opinion polls and other surveys are conducted. In 2007, the compilation of a user satisfaction index was launched. The said surveys are aimed at the assessment of the overall demand for and necessity of statistical information in general and specific statistical indicators in particular.

More information on user surveys and their results is available in section User surveys on the Statistics Lithuania website.

13.3

Completeness of statistical information

All indicators established by the legislation are published.

13.3.1

Data completeness - rate

100 per cent of information produced in accordance with the Official Statistics Work Programme is published.

14 Accuracy and reliability
14.1 Overall accuracy

-

14.2

Sampling error

-

14.3

Non-sampling error

-

14.3.1

Non-response error

-

14.3.1.1

Unit non-response rate

-

14.3.1.2

Item non-response rate

-

15 Timeliness and punctuality
15.1

Timeliness

Statistical information is published on the 80th day after the end of the reference period.

15.2

Punctuality

Statistical information is published in accordance with an Official Statistics Calendar. In case of delay, users are notified in advance by indicating the reason and a new date of publication.

15.2.1

Percentage of statistical information released on time

100 per cent

16 Coherence and comparability
16.1

Geographical comparability

Statistical information is not comparable.

16.2

Comparability over time

The time series is fully comparable from 2004.

Before April 2004, the general government foreign debt was calculated as the sum of property obligations of the Republic of Lithuania in foreign currency under loan agreements, agreements with a State guarantee or other binding debt instruments.

Since April 2004, the general government debt is no longer divided into domestic and foreign debts based on the loan currency, but based on the location of residence of the creditor, i.e. in Lithuania or abroad.

16.2.1

Length of comparable time series

Since 2004.

17 Coherence
17.1

Cross-domain coherence

17.2

Internal coherence

Internal coherence is fully ensured.

18

Response burden

Administrative data is used. In this case there is no statistical reporting burden for respondents.

19

Data revision

19.1

Revision policy

The revision policy of Statistics Lithuania is provided in the document General Principles behind the Performance, Analysis and Announcement of Revisions of Statistical Indicators.

19.2

Revision practice

Statistical data control is exercised. In case of significant discrepancies, the statistical data provider (Ministry of Finance) is contacted, and statistical data are revised.

19.2.1

Average of the change obtained during the revision

-

20 Statistical processing
20.1

Statistical data source

Administrative data sources: Ministry of Finance of the Republic of Lithuania.

20.2

Periodicity of statistical data collection

Biannual

20.3

Statistical data collection

The Lithuanian Department of Statistics receives administrative data from the Ministry of Finance of the Republic of Lithuania quarterly by e-mail.

20.4

Statistical data validation

In order to ensure the quality of statistical data, verification of the database is carried out (editing, statistical data validation, the results are compared with the corresponding period of the previous year). Exceptions or missing values are explained to the data provider.

20.5 Data compilation

MS Excel is used to process statistical data and methods for aggregation, grouping are applied.

Methodology of statistical survey on general government foreign debt (only in Lithuanian).

20.6 Adjustment

-

21

Comments and other information

From 2015 the survey statistical information are not updated.