Fiscal Frameworks and Medium-Term Budgeting
Fiscal Frameworks and Medium-Term Budgeting (FMTB)
Establishing robust fiscal frameworks and implementing effective medium-term budgeting processes are crucial for ensuring fiscal sustainability and promoting economic stability. This course enhances participants' understanding of 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 medium term fiscal frameworks and fiscal rules. It is designed to provide participants with a comprehensive understanding of the principles underpinning fiscal frameworks and the practical applications of medium-term budgeting. Participants are expected to actively contribute to presentations on country practices and exercises. Peer learning is an essential element of the workshop.
Target Audience
Senior and mid-level government officials in ministries of finance or economy working in budget or macro-fiscal analysis departments.
Qualifications
Participants are expected to be mid- to senior-level qualified professionals with experience and background in macro-fiscal analysis, fiscal policy, and budget formulation.
Course Objectives
Upon completion of this course, participants should be able to:
Understand the key components and principles of fiscal frameworks that support sustainable public finances.
Develop skills in designing and implementing a medium-term budgeting process that aligns with fiscal policy objectives.
Analyze the impact of fiscal frameworks and medium-term budgeting on fiscal discipline.
Explore best practices and case studies from the region on the successful integration of fiscal frameworks and medium-term budgeting into public financial management systems.