RESOLUTION OF NATIONAL STATISTICAL COMMITTEE OF THE REPUBLIC OF BELARUS

of April 16, 2021 No. 11

About approval of the Method of forming of the account of production

Based on subitem 8.10 of Item 8 of the Regulations on National Statistical Committee of the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 26, 2008 No. 445, National Statistical Committee of the Republic of Belarus DECIDES:

1. Approve the Method of forming of the account of production it (is applied) and to enact it since forming of the account of production for 2020.

2. Recognize invalid:

the resolution of National Statistical Committee of the Republic of Belarus of December 24, 2015 No. 211 "About approval of the Method of forming of the account of production";

the resolution of National Statistical Committee of the Republic of Belarus of December 28, 2016 No. 205 "About modification and amendments in the Method of forming of the account of production".

3. This resolution becomes effective after its official publication.

Approved by the Resolution of National Statistical Committee of the Republic of Belarus of April 16, 2021 No. 11

Method of forming of the account of production

Chapter 1. General provisions

1. This Technique establishes procedure for forming of the account of production by National Statistical Committee.

2. The account of production determines forming of all subsequent accounts of the National account system (further - the satellite navigation system).

3. The account of production reflects the transactions relating directly to production process and is created on economy of the Republic of Belarus in general, by sectors and types of economic activity.

4. In this Technique the following main terms and their determinations are used:

gross value added - the difference between release of goods and (or) services and intermediate consumption estimated by types of economic activity;

gross internal product (further - GDP) - the cost of the goods and services made in the country by all types of economic activity and intended for final consumption, accumulating and net export;

GDP in basis prices - the amount of gross values added by types of economic activity;

GDP in market prices - GDP in basis prices increased by the size of net taxes on products;

type of economic activity - process when material resources, the equipment, work, technology are combined in such a way that it leads to receipt of uniform set of products (goods or services);

release of goods and (or) services - the total cost of the goods and (or) services which are result of economic activity of residents in the accounting period;

production borders - activities of residents for production of goods and rendering services;

household - group of persons which jointly live in premises provide themselves to all necessary for life, conduct general economy, fully or partially uniting and spending the means, or one person living independently and providing themselves to all necessary for life;

institutional units - legal and (or) physical persons (group of physical persons) which own assets assume liabilities, the separate divisions of legal entities having separate balance, and representative offices of the foreign organizations participate in economic activity and transactions with other legal and (or) physical persons from own name, and also;

taxes on products - the taxes levied in proportion to quantity or cost of the made and sold goods and the rendered services or imported goods and services by residents;

non-market release of goods and (or) services - the cost of manufactured goods and the rendered services most of which part is not intended for realization at market prices;

informal economic activity - activities for production, the address and use of goods and services which are performed, as a rule, legally by physical persons, including individual entrepreneurs, based on informal employment relationships between participants of production;

basis price - the price received by the producer for commodity unit or services excepting any taxes on products and including subsidies for products;

intermediate consumption - the cost of goods and services which are consumed in the accounting period in production process;

residents - the institutional units performing or intending to perform the activities in the economic territory of the Republic of Belarus during the long term (at least a year);

market release of goods and (or) services - the cost of manufactured goods and the rendered services, implementable or held for sale at economically significant prices;

market price - the price of the final buyer paid by the buyer for delivery of commodity unit or service, including any trade transportation expenses and taxes on products (except the deductible value added tax) less subsidies for products;

the sector of economy - set of the institutional units uniform from the point of view of the functions which are carried out in economy and sources of financing that assumes their similar economic behavior;

subsidies for products - the subsidies provided for unit of manufactured goods or the rendered service, that is in proportion to quantity or cost made and the sold goods and the rendered services or imported goods and services by residents;

current prices - the prices of the accounting period;

the services of financial intermediation measured indirectly (further - UFPIK), - the services rendered by banks in accumulation of temporarily free money of one institutional units and their provision in use to other institutional units;

farms of the population - personal subsidiary farms of the citizens who are constantly living in the rural zone; subsidiary farms of the citizens who are engaged in production of agricultural industry with use of the parcels of land provided for construction and (or) servicing one-apartment, the blocked apartment houses, collective gardening, country construction;

holding profit (loss) - the profit (loss) got by the owner of assets owing to change of the prices of them because of inflation;

the price of the buyer - the price paid by the buyer for delivery of commodity unit or service, including any trade transportation expenses and taxes on products (except the deductible value added tax) less subsidies for products;

the price of the producer - the price received by the producer for commodity unit or services including taxes on products (except not deductible value added tax and the import taxes) and excepting subsidies for products;

net taxes on products - taxes on products minus subsidies for products;

economically significant prices - the prices which have significant effect on products amounts which producers are ready to deliver, and on products amounts which buyers are ready to acquire. The prices are economically significant if revenue from sales covers the most part of cost of the producer, and consumers can solve whether buy and how many buy, on the basis of stated prices.

Chapter 2. Structure and procedure for forming of the account of production

5. The account of production is based on the principle of double record: the received costs register as resources, and paid - as use of these resources.

In resource part of the account of production release of goods and (or) services, taxes on products less subsidies for products, regarding use - intermediate consumption of goods and services and the balancing Article of the account - gross value added is reflected. At the level of economy in general the balancing Article of the account of production is GDP.

The account of production is created by sectors of economy and by types of economic activity in forms according to appendices 1 and 2.

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