Botswana: Technical Assistance Report-Introducing a Medium-Term Expenditure Framework

International Monetary Fund

No 2014/162, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance Report focuses on Botswana’s Medium-term Expenditure Framework (MTEF). The Government of Botswana has committed to introduce the MTEF by 2016. The MTEF will provide a more explicit linkage between National Development Plan priorities and budget allocations by adopting a medium-term budgeting horizon. An MTEF model based on a binding nominal expenditure ceiling covering 100 percent of government expenditure is appropriate. To support the commitment to the resource allocations approved under the MTEF, a number of prioritization, control, and accountability arrangements need to be put in place.

Keywords: ISCR; CR; expenditure ceiling; budget year; capital expenditure; cross-government prioritization; fiscal policy; policy option; contingency reserve; expenditure limit; expenditure priority; spending allocation; spending policy option; government financial assets; development expenditure estimate; Budget planning and preparation; Medium-term budget frameworks; Macroeconomic and fiscal forecasts; Recurrent budgets; Africa; Global; Southern Africa; Sub-Saharan Africa; expenditure ceiling process; bottom-up expenditure forecast; expenditure discipline; expenditure forecasting (search for similar items in EconPapers)
Pages: 69
Date: 2014-06-10
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