Developing a Medium-Term Fiscal Framework Tool

Training Program

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Developing a Medium-Term Fiscal Framework Tool (FF)

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Session No.: SA 22.31

Location: New Delhi, India

Date: July 25-29, 2022 (1 week)

Delivery Method: In-person Training

Primary Language: English

Target Audience

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, and a good
understanding of English.

Course Description

Medium term fiscal frameworks (MTFFs) have become central to medium term budgeting and fiscal planning for finance ministries. At the heart of a MTFF is a spreadsheet that brings together macroeconomic and fiscal data, and projects these in to the future. This course covers how to design and build an MTFF spreadsheet in Microsoft Excel.

Course Objectives

Upon completion of this 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 in to the medium term.

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