IMF Staff Country Reports

Botswana: Technical Assistance Report-Introducing a Medium-Term Expenditure Framework

June 10, 2014

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Format: Chicago

International Monetary Fund. Fiscal Affairs Dept. "Botswana: Technical Assistance Report-Introducing a Medium-Term Expenditure Framework", IMF Staff Country Reports 2014, 162 (2014), accessed 12/19/2025, https://doi.org/10.5089/9781498302166.002

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Summary

This Technical Assistance Report focuses on Botswana’s Medium-term Expenditure Framework (MTEF). The Government of Botswana has committed to introduce the MTEF by 2016. The MTEF will provide a more explicit linkage between National Development Plan priorities and budget allocations by adopting a medium-term budgeting horizon. An MTEF model based on a binding nominal expenditure ceiling covering 100 percent of government expenditure is appropriate. To support the commitment to the resource allocations approved under the MTEF, a number of prioritization, control, and accountability arrangements need to be put in place.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, Public financial management (PFM), Recurrent budgets

Keywords: Africa, bottom-up expenditure forecast, Budget planning and preparation, budget year, capital expenditure, contingency reserve, CR, cross-government prioritization, development expenditure estimate, expenditure ceiling, expenditure ceiling process, expenditure discipline, expenditure forecasting, expenditure limit, expenditure priority, fiscal policy, Global, government financial assets, ISCR, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, policy option, Recurrent budgets, Southern Africa, spending allocation, spending policy option, Sub-Saharan Africa