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Supply & Use Table Ready

  1 min 47 sec to read

The Central Bureau of Statistics (CBS) has prepared Supply and Use Table (SUT) that will help improve the national income accounting. Suman Raj Aryal, CBS Director and Chief of National Account Department said the report is almost ready. The SUT helps to examine what products and services are being produced and supplied in the country and how they are being used – in industries or in consumption.
 
Such table would make the measurement of economic variables more realistic, according to Economist Prof Dr Madan Kumar Dahal.
 
SUT also helps understand the effect of the change in one sector or sub-sector of the economy on the other sector or subsector. It also helps to adjust the differences in the Gross Domestic Product (GDP) figures calculated from different methods. GDP is calculated by adding up either the expenditure, income or production by all the members of the economy in a given period of time. The table also works as a base to prepare Symmetric Input-Output Table (SIOT) needed for national planning. According to CBS, it can also help in preparing Social Accounting Matrix (SAM). SIOT and SAM are not prepared in Nepal as of now.
 
Aryal added that the SUT prepared now has 42 sectors of which 31 are the primary sectors and 11 are secondary sectors. Similarly, goods and services are categorised in 52 primary headings which are subdivided into hundreds of secondary headings.
 
Aryal said SUT would be ready only when the total of supply and use is the same in all the 42 sectors of all 52 goods and services. “This is the most challenging part of preparing SUT and we have succeeded in that,” he added. Fiscal year 2004-05 is taken as the base year to prepare the SUT, Aryal informed.
 

Asian Development Bank provided technical support for the SUT preparation which was completed entirely by Nepali human resource. Aryal said that it would be better if such tables can be prepared every five years.

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