Wednesday, July 29, 2015

Economic interpretation of the ‘Re-based’ National Accounts Estimates


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By Prof. W. D. Lakshman-

The Department of Census and Statistics (DCS), the official statistical agency, has recently uploaded onto its website, an undated report on Rebasing National Accounts Estimates. DCS uploads similar reports regularly, at least a few in a month. Only a very few of them would usually come under public scrutiny as closely as the above report has over the last few weeks. Indeed this "Re-basing" report came into public notice, not through the DCS website, but through the political statement made by Deputy Minister Dr. Harsha de Silva about the DSC report and through daily news telecasts. As may be many others, I also was made to look up the report on the DCS website only after this political statement of the Deputy Minister.