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Implementing a Medium-Term Budget Framework The Palau Experience. Ministry of Finance November 2011. Contents. What is an MTBF? Why does Palau need an MTBF? What is our Budget Calendar ? Where are we with implementation What are the implications & challenges for our Budget Activities?

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Implementing a medium term budget framework the palau experience

Implementing a Medium-Term Budget FrameworkThe Palau Experience

Ministry of Finance

November 2011


Contents
Contents

  • What is an MTBF?

  • Why does Palau need an MTBF?

  • What is our Budget Calendar?

  • Where are we with implementation

  • What are the implications & challenges for our Budget Activities?

  • What is MoF doing to assist Line Ministries


What is an mtbf
What is an MTBF?

  • A clear statement of revenue & expenditure

  • Control new policies through strategic prioritisation

  • Tracks budget implementation over 3 years


Why does palau need an mtbf
Why does Palau need an MTBF?

  • Palau is highly dependent on world economic circumstances

  • Compact grants not there for ever

  • Clear picture needed on impact on our GDP

  • Need to decide now on what our priorities are for

    • domestic revenues

    • government expenditures


What is our budget calendar
What is our Budget Calendar?

  • Key budget preparation events

  • BCC1 & BCC2

    • BCC1 budget submission prep – Nov-Feb

    • BCC2 redo budget submission – July-Aug

  • Pre Budget document – Congress Authorization - April

  • Budget Hearings - September

  • Appropriation Bill – Congress, end of September


Where are we with implementation
Where are we with implementation?

  • Commenced implementation with assistance from ADB in 2010 for FY2012

  • Now preparing FY13 in earnest

  • What tools do we have already?

    • MTFS

    • MTFF

    • MTDS

    • MTBF – will be prepared by end March 2012


What are the implications challenges for lms
What are the implications & challenges for LMs?

  • Adherence to Budget Calendar

  • Adherence to BCC1 guidelines & instructions

  • Aligning plans & strategies to MTDS Results Framework – Prioritisation, Planning & Budget coordination

  • Identify Programs/Projects

  • Set Performance Indicators (PIs) – focus on outputs/outcomes


What are the implications challenges for lms cont d
What are the implications & challenges for LMs?...cont’d

6. Coordinate Planning & Budget

7. Cost & identify source of funding

8. Adhere to BCC2 guidelines & instructions

9. Adhere to Performance Reporting requirements


What is mof doing to assist lms
What is MoF doing to assist LMs

  • Clear picture of what is expected of them – Budget Calendar

  • We guide them – BCCs – templates & costing guidelines

  • We train them – workshops held for BCC1, costings and results based framework

  • We provide guidance at time of budget hearing


Mesulang
Mesulang

Thank you for your Attention


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