1 / 10

Implementing a Medium-Term Budget Framework The Palau Experience

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?

chip
Download Presentation

Implementing a Medium-Term Budget Framework The Palau Experience

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Implementing a Medium-Term Budget FrameworkThe Palau Experience Ministry of Finance November 2011

  2. 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

  3. What is an MTBF? • A clear statement of revenue & expenditure • Control new policies through strategic prioritisation • Tracks budget implementation over 3 years

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. Mesulang Thank you for your Attention

More Related