Medium-Term Budgetary Frameworks, Fiscal Rules and Fiscal Councils - Options to Ensure Fiscal Sustainability

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Start date	End date	Location	Delivery Method	Session No.	Primary & (Interpretation) language	Apply
January 20, 2027	January 22, 2027	Hanoi, Vietnam	In-person Training	SA 27.01	English	Invitation

The course, presented by the Fiscal Affairs Department, examines the role of strong fiscal institutions and fiscal governance in ensuring fiscal sustainability.
Draws on international country experiences and covers three main areas: medium-term budgetary frameworks (MTBFs), fiscal rules, and fiscal councils.
Regarding MTBF:
- Discusses how a medium-term perspective in budgeting can improve fiscal discipline and expenditure control.
- Reviews the preconditions and elements for effective MTBFs, including their relationship with fiscal rules.
Regarding fiscal rules:
- Reviews the pros and cons of different types of fiscal rules.
- Covers how to select, design, and calibrate fiscal rules to balance fiscal sustainability and macroeconomic stabilization objectives.
Regarding fiscal councils:
- Explores how fiscal councils might help strengthen fiscal performance, support fiscal rules, review trends, and disseminate best practices.
Topic: Fiscal Issues

Target Audience:
- Mid-level to senior officials who make or support fiscal policy decisions.
Qualifications:
- Participants are expected to have considerable experience in fiscal policy institutions.

Upon completion of this course, participants should be able to:

Describe and explain how MTBFs, fiscal rules, and fiscal councils promote sound fiscal policy, based on international experiences.
Analyze the readiness of countries for MTBF, fiscal rules, and fiscal councils and address barriers to implementation.
Apply acquired knowledge and skills to group-based assessments of real case studies.