Strengthening Medium-term Budgeting of Public Investment

Source details

Senior level public officials working in the Ministries of Finance or Economy in charge of the government budget and/or of public investments.
Staff from line ministries and public corporations responsible for key public infrastructure (i.e., transportation, energy) who oversee the preparation and implementation of capital projects.

Participants should be familiar with processes for budgeting and oversight of public investment projects in their countries, including:

The course considers the three phases of the project cycle identified in the IMF’s Public Investment Management Assessment (PIMA) framework.
For planning: reviews key information that should be gathered during the project appraisal process.
For resource allocation: showcases the medium-term budget implications of project selection on both capital and current spending.
For project implementation: reviews how financial monitoring should feed into the planning and resource allocation processes.

By the end of the course, participants should be able to:

Understand how to develop a project selection process based on the project information
Identify the key information on public investments needed to ensure the medium-term sustainability of the government’s budget
Estimate medium-term fiscal space available for new projects
Estimate medium-term fiscal requirements for operation and maintenance of public investments
Monitor financial execution of investment projects

Hands-on training on the new FAD Excel-based PIM tool to support the planning, selection and prioritization, budgeting, and implementation of public investments, which could be adopted to strengthen PIM in participants’ countries.