An Analysis of the Government Financial Statistics (GFS) Manuals in the Budgeting Structure of the Country with an Islamic Perspective

* Seyed Mohammad Ali Mousavi / PhD in Economics, Researcher in Ghadr Center for Applied Socio-Economic Research    m.a.mousavi@chmail.ir
Mohammad Javad Tavakoli / Associate Professor, Economic Department, IKI    tavakoli@iki.ac.ir
Received: 2021/05/08 - Accepted: 2021/09/13

Abstract
Due to Note 48 of the 1380 H. SH. Budget Law and Article 77 of the Law on Regulating a Part of Financial Regulations approved on 11/27/1380, the government is obliged to adjust its financial statistics in accordance with the proposed IMF guidelines called the Government Financial Statistics Manuals (GFS). This international guideline contains a set of accounting concepts, definitions, classifications and rules. Using a comparative-analytical method the findings of this study indicate the incompatibility of some principles, definitions, goals and requirements of this instruction with religious teachings and upstream documents of the country. The directive seeks to increase the transparency of countries' budgets in the interests of multinational corporations and to expand globalization policies. The effects of this directive on the country's budgeting not only did not improve transparency, but also led to harms such as irregular liberalization of pricing, minimizing governance intervention in the economy, limiting government revenue sources and the prevailing secular view in government spending. The combination of the requirements of this document with some of the existing procedures in the country's budgeting has even led to passivity in budget accounting, increasing the complexity of the budget document and prolonging the budgeting process. Existing problems necessitate the development of a local approach to the compilation of government financial statistics. 

Keywords: Budgeting, Budget structure transformation, International Monetary Fund, GFS, Government Financial Statistics Manuals, Budget transparency, Budget accounting.
JEL Classification: H60, H61, H83.