Medium-Term Budget Frameworks in Sub-Saharan African Countries

Released on by Richard Allen
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  • Medium-Term Budget Frameworks in Sub-Saharan African Countries Book Detail

  • Author : Richard Allen
  • Release Date : 2017-09-11
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 37
  • ISBN 13 : 1484319524
  • File Size : 85,85 MB
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Medium-Term Budget Frameworks in Sub-Saharan African Countries by Richard Allen PDF Summary

Book Description: More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries–– Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.

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Beyond the Annual Budget

Beyond the Annual Budget

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Beyond the Annual Budget is a comprehensive review of country experience with Medium Term Expenditure Frameworks (MTEFs) worldwide. It looks at countries both w