## Strengthening Medium-term Budgeting of Public Investment

## Source details

**Canonical URL:** [Strengthening Medium-term Budgeting of Public Investment](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/pimjv24-04)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/pimjv24-04/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2024/pimjv24-04/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2024/pimjv24-04/bundle-manifest.json)

## Bibliographic details
- Session: JV 24.04
- Location: Vienna, Austria
- Dates: February 27, 2024 - March 1, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

---

### Target audience
- Senior level public officials working in the Ministries of Finance or Economy in charge of the government budget and/or of public investments.
- Staff from line ministries and public corporations responsible for key public infrastructure (i.e., transportation, energy) who oversee the preparation and implementation of capital projects.

### Qualifications (participant prerequisites)
Participants should be familiar with processes for budgeting and oversight of public investment projects in their countries, including:
- Public investment strategic planning
- Project appraisal and selection
- Medium-term and annual budgeting for public investment
- Implementation of oversight of infrastructure projects

### Course description (scope and approach)
- The course considers the three phases of the project cycle identified in the IMF’s Public Investment Management Assessment (PIMA) framework.
- For planning: reviews key information that should be gathered during the project appraisal process.
- For resource allocation: showcases the medium-term budget implications of project selection on both capital and current spending.
- For project implementation: reviews how financial monitoring should feed into the planning and resource allocation processes.

### Course objectives (learning outcomes)
By the end of the course, participants should be able to:
- Understand how to develop a project selection process based on the project information
- Identify the key information on public investments needed to ensure the medium-term sustainability of the government’s budget
- Estimate medium-term fiscal space available for new projects
- Estimate medium-term fiscal requirements for operation and maintenance of public investments
- Monitor financial execution of investment projects

### Tools and training features
- Hands-on training on the new FAD Excel-based PIM tool to support the planning, selection and prioritization, budgeting, and implementation of public investments, which could be adopted to strengthen PIM in participants’ countries.

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [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)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/pimjv24-04_