## Medium-Term Budgetary Frameworks, Fiscal Rules and Fiscal Councils - Options to Ensure Fiscal Sustainability

## Source details

**Canonical URL:** [Medium-Term Budgetary Frameworks, Fiscal Rules and Fiscal Councils - Options to Ensure Fiscal Sustainability](https://www.imf.org/en/capacity-development/training/icdtc/courses/mtbf)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/courses/mtbf/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/courses/mtbf/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/courses/mtbf/bundle-manifest.json)

## Bibliographic details
- Published: October 23, 2020

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## Upcoming offerings

| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
| --- | --- | --- | --- | --- | --- | --- |
| January 20, 2027 | January 22, 2027 | Hanoi, Vietnam | [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [SA 27.01](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2027/mtbfsa27-01) | English | Invitation |

### Course overview
- The course, presented by the Fiscal Affairs Department, examines the role of strong fiscal institutions and fiscal governance in ensuring fiscal sustainability.
- Draws on international country experiences and covers three main areas: medium-term budgetary frameworks (MTBFs), fiscal rules, and fiscal councils.
- Regarding MTBF:
  - Discusses how a medium-term perspective in budgeting can improve fiscal discipline and expenditure control.
  - Reviews the preconditions and elements for effective MTBFs, including their relationship with fiscal rules.
- Regarding fiscal rules:
  - Reviews the pros and cons of different types of fiscal rules.
  - Covers how to select, design, and calibrate fiscal rules to balance fiscal sustainability and macroeconomic stabilization objectives.
- Regarding fiscal councils:
  - Explores how fiscal councils might help strengthen fiscal performance, support fiscal rules, review trends, and disseminate best practices.
- Topic: Fiscal Issues

### Target audience and qualifications
- Target Audience:
  - Mid-level to senior officials who make or support fiscal policy decisions.
- Qualifications:
  - Participants are expected to have considerable experience in fiscal policy institutions.

### Course objectives
Upon completion of this course, participants should be able to:
- Describe and explain how MTBFs, fiscal rules, and fiscal councils promote sound fiscal policy, based on international experiences.
- Analyze the readiness of countries for MTBF, fiscal rules, and fiscal councils and address barriers to implementation.
- Apply acquired knowledge and skills to group-based assessments of real case studies.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [SA 27.01](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2027/mtbfsa27-01)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/courses/mtbf_