Developing a Medium-Term Fiscal Framework Tool
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- Developing a Medium-Term Fiscal Framework Tool
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Bibliographic details
- Session: SA 22.31
- Location: New Delhi, India
- Dates: July 25-29, 2022 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Target audience and qualifications
- The training is intended for 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.
- Qualifications:
- Candidates should have at least intermediate Excel skills.
- Candidates should have a good understanding of English.
Session logistics
- Session No.: SA 22.31
- Location: New Delhi, India
- Date: July 25-29, 2022 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Status: Deadline passed
Course description and scope
- The course focuses on designing and building a medium term fiscal framework (MTFF) spreadsheet in Microsoft Excel.
- It emphasizes that at the heart of a MTFF is a spreadsheet that brings together macroeconomic and fiscal data, and projects these into the future.
- The course situates MTFFs as central to medium term budgeting and fiscal planning for finance ministries.
Course objectives and competencies
Upon completion of the 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 into the medium term.
Related institutional offering note
- The institution offers online training to government officials and the public; participants are directed to "Learn more" to find current offerings.