Fiscal Frameworks and Medium-Term Budgeting

Source details

Title: Fiscal Frameworks and Medium-Term Budgeting (FMTB).
Purpose: Establishing robust fiscal frameworks and implementing effective medium-term budgeting processes to ensure fiscal sustainability and promote economic stability.
Approach: Emphasizes a medium-term perspective in budgeting to improve fiscal discipline and expenditure control.
Pedagogy: Participants 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.

Upon completion of the 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.

Medium-Term Budgetary Frameworks (MTBFs):
- Relationship between MTBFs and medium-term fiscal frameworks and fiscal rules.
- Preconditions and elements for effective MTBFs.
Fiscal Framework Principles:
- Principles underpinning fiscal frameworks that support sustainable public finances.
Practical Application:
- Practical applications of medium-term budgeting within public financial management systems.
- Use of country practices and regional case studies to illustrate successful integration and implementation.