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Fiscal Frameworks

Developing a Medium-Term Fiscal Framework Tool (FF)

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Session No.: SA 22.31

Location: New Delhi, India

Date: July 25-29, 2022 (1 week)

Primary Language: English

    Target Audience

    Mid-level staff working in macro-fiscal units, economic analysis departments or budget departments, typically within Finance or Planning ministries, who are involved in macro-fiscal forecasting or high-Ievel budget formulation.

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    Candidates should have at least intermediate Excel skills, and a good
    understanding of English.

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    Course Description

    Medium term fiscal frameworks (MTFFs) have become central to medium term budgeting and fiscal planning for finance ministries. At the heart of a MTFF is a spreadsheet that brings together macroeconomic and fiscal data, and projects these in to the future. This course covers how to design and build an MTFF spreadsheet in Microsoft Excel.

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    Course Objectives

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

    • Understand the principles of "Useful, useable, accurate, and sustainable" in developing an appropriate MTFF tool.
    • Understand the key role in having a binding "fiscal anchor" when setting up a MTFF and determining a resource envelope for the next year's budget.
    • Link together data and exogenous forecasts from different sources and use appropriate methods to forecast revenues, financing and expenditures in to the medium term.
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