IMF Staff Country Reports

Republic of Poland: Technical Assistance Report-Developing a Medium-Term Budget Framework

June 27, 2017

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Republic of Poland: Technical Assistance Report-Developing a Medium-Term Budget Framework, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Summary

This Technical Assistance Report discusses the progress made toward developing a medium-term budget framework (MTBF) in Poland. Many of the prerequisites for establishing an MTBF have already been satisfied in Poland. The annual budget has a high degree of credibility; macroeconomic projections are generally accurate; and fiscal rules on debt, expenditure, and the deficit provide sufficient guidance to fiscal policy in the medium term. However, some weaknesses remain that should be addressed either in parallel or as part of the MTBF reform. The design of the MTBF should be carefully considered to meet the government’s fiscal objectives while operating within current capabilities.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, Public expenditure review, Public financial management (PFM)

Keywords: Budget planning and preparation, Budget process, Budget target, Commitment mechanism, CR, Expenditure ceiling, Expenditure growth, Expenditure pressure, Expenditure projection, Forecasting round, ISCR, Macroeconomic and fiscal forecasts, Major general government unit, Medium-term budget frameworks, Medium-term expenditure commitment mechanism, Policy priority, Policy proposal, Public expenditure review, State budget expenditure forecast

Publication Details

  • Pages:

    63

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Country Report No. 2017/170

  • Stock No:

    1POLEA2017002

  • ISBN:

    9781484305454

  • ISSN:

    1934-7685