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

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

INTRODUCTION

The course discusses how a medium-term perspective in budgeting can improve fiscal discipline and expenditure control and surveys the preconditions necessary if the framework is to deliver the intended results. The course also discusses the main elements of a medium-term budget and the relationship with fiscal rules.

Course Objectives:

  • Describe and explain how the Medium-Term Budgetary Frameworks (MTBF), fiscal rules, and fiscal councils promoting sound fiscal policy, based on international experiences
  • Analyze the readiness of countries for MTBF, fiscal rules, and fiscal councils and address barriers to implementation.

Its for Mid-level to senior officials who make or support fiscal policy decisions. Participants should have considerable experience in fiscal policy institutions.