on Tuesday, the Department of Statistics gave approximate data on economic growth last year. Russia economy has slowed in 2016. to 2.8 percent. For comparison, a year earlier was 3.9 percent. Bad data is defined in the first place, the decline in investment by private companies and local authorities.
last week Deputy Prime Minister Matthew Morawiecki I assumed I needed to re-count our economic growth in 2013-14 because… to deceive VAT data on exports have been overstated in recent years, even at 30 billion rubles.
the Finance Ministry, we believe that for 2.5 years has been fictitious export of the same electronics – mobile phones, hard drives, and other similar objects in the amount of 20 billion, ‘ said Morawiecki. – Now income, which de facto does not have to be counted, it would be necessary to subtract.
Economists: Carousel VAT facilities do not affect GDP
words Morawieckiego immediately responded economists. – Morawiecki rights that exports could be deluded carousel VAT, because this type of transaction zawyżają exports, which affects GDP. And that carousel was possible, then this product needs to Poland to get in, and imports also affects the dynamics of economic growth, so GDP should not experience these transactions, he said, “the Election” tax expert Radoslaw Baker.
Wtórował him the chief economist of Credit Agricole Jakub Borowski: At this stage you can only say that if we are dealing with exports of electronics from Poland, it is likely ago the export was accompanied by significant import. After all, we’re talking about technology, not about the export of furniture.
the same day, GUS was given the message: “the Main source of information for official statistics in the field of foreign trade data are received from the information systems of customs administration. All work is quenched on a possible inspection of exports and, as a consequence, GDP depends on getting from MF new official data on the value of exports by detailed commodity groups".
GUS: Possible amendments will relate to both export and import
this is not the end. On Tuesday the press-Secretary GSU was in response to a question on PAP, or the value of the fictitious invoices, as you know, to export and thus increases GDP. She explained that the “invoices are not a data source for external trade statistics”.
– If the services the tax administration adjusted the data in the accounting system VAT, customs will conduct a second control, and performs data correction, credited and transferred to the GUS new statistical collections. Then, after careful analysis, HUS will make a decision on possible adjustments of the data, she said Dawidziuk.
And she added: – the Possible need for adjustment should cover both types of trade – export and import.
according to Her now is not transferred to questions on how changes in data can lead to lower GDP and GDP growth in 2014-15. – Identification of these data will only allow for a reliable assessment of the impact of these phenomena on the value and dynamics of GDP growth, she added.
See also: Believe that has to a three term, and maybe even more. Matthew Morawiecki – silhouette
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