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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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