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

Fiscal Policy

This course, presented by the Fiscal Affairs Department, examines the role of strong fiscal institutions and fiscal governance in ensuring fiscal sustainability. Drawing on international country experiences, it covers three main areas: medium-term budgetary frameworks (MTBFs), fiscal rules, and fiscal councils. Regarding MTBF, the course discusses how a medium-term perspective in budgeting can improve fiscal discipline and expenditure control, and the preconditions and elements for effective MTBFs, including their relationship with fiscal rules. With respect to fiscal rules, the course reviews the pros and cons of different types of fiscal rules and how to select, design, and calibrate them to balance fiscal sustainability and macroeconomic stabilization objectives.

The course also explores how fiscal councils might help strengthen fiscal performance, support fiscal rules, review trends, and disseminate best practices.

Read More Topic : Fiscal Policy

    Target Audience

    Mid-level to senior officials who make or support fiscal policy decisions.

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    Qualifications

    Participants are expected to have considerable experience in fiscal policy institutions.

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    Course Objectives

    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.
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Online: Debt Sustainability Framework for Low Income Countries

    English (English), October 7, 2020 - November 6, 2020, Course conducted online

    Apply online by September 30, 2020

    Virtual: Macro-Stress Testing (MST)

    English, November 9-12, 2020, Kuwait City, Kuwait

    Apply online by October 2, 2020

    Virtual - Fiscal Sustainability (FS)

    English (Arabic), November 9-19, 2020, Kuwait City, Kuwait

    Apply online by October 2, 2020

    Virtual - Financial Sector Surveillance (FSS)

    English, November 16-20, 2020, New Delhi, India

    Apply online by October 2, 2020

    Virtual - Legal Aspects of International Financial Institutions (LAIF)

    English, November 30, 2020 - December 4, 2020, Singapore, Singapore

    Apply online by October 2, 2020