Beyond the Annual Budget: Global Experience with Medium Term Expenditure Frameworks

by World Bank

Overview

What conditions determine the success of Medium Term Expenditure Frameworks (MDTFs)? How should the implementation of MTEFs be sequenced and coordinated with other budget reforms? What role should organizations such as the World Bank, bilateral development partners, and other international agencies play in supporting MTEF adoption? How can country authorities implement a new MTEF or strengthen an existing one? Beyond the Annual Budget provides a comprehensive review of global experience with Medium Term Expenditure Frameworks (MTEFs). Looking at countries both with and without MTEFs over the period 1990 to 2008, the authors adopt a systematic methodological approach and rely on multiple analytical techniques—including event studies and econometric analysis—to obtain results about the impact of MTEFs on fiscal performance. The authors then draw on case studies and other material to determine whether MTEFs should be a common element of public financial management systems given differences in country circumstances. Guidance is also provided on the design and implementation of MTEFs in the context of broader public financial management systems reform. This volume will be of interest to multilateral and bilateral providers of technical assistance in the public financial management area, and to country authorities seeking to introduce or strengthen MTEFs.

Product Details

ISBN-13:	9780821396254
Publisher:	Bernan Distribution
Publication date:	11/12/2012
Series:	Directions in Development Series
Pages:	258
Product dimensions:	5.98(w) x 9.02(h) x 0.55(d)

Table of Contents

1012 Rati

12

Notes 1312 References

Chapte

MTEF Foundati

1712 General Characteristics 1712 Specific De

2012 MTEF Good Practices 2412 Data an

2412 MTEFs ar

2412 Notes 34

References 3411 Chapter 4 Wh

3512 Measure

3812 Inv

3912

The Hypothesis 4012 Event S

4012 Econom

4612 Case Study

5012 Notes 5312 References

5511 Chapter 5 Requirements

57

Commitment to a New Approac

5712 Organi

6412 Approp

6612 Sound Budget Systems and Properl

6812 Notes 7812 Refe

7911 Chapter 6 Lessons from World Bank Support f

8112 Methodology 8212 Bank-Sup

8412 Lessons about Bank Instrument

9112 Notes

References 10211 Chapter 7 Conclusions and Implications for the

10301 Appendix A World Bank Engage

10902 Da

10902 Result

11202 Conclusion 12302 Note 12501 Appendix B MTEF Multicountry Studie

12702 References 13001 Appendix C MTEF Country Coding 13301 Appendix D

1

Reference

Appendix E

14701 Appendix F Econometric Resul

15302 Data 15

Econometric Strategy 15602 Econo

16002 Notes 17602 Reference

17701 Appendix

MTEF Case Studies 17902 Albania 181

Armenia 18702 Brazil 19102 Gha

19602 Jo

20002 Korea 20602 N

21002 Russia 215

South Afri

22502 Uganda

References 24101 Boxes02 3

Guide to MTEF

3.2 MTEF

2602 5.1 An

5902

5.2 MTEFs, Develo

620

5.3 Characteristics of Basic Financial Compliance 7102 5.4

7202 5.5 Policy, Budgeting, and Te

7702 6.1 Implementation Co

8202 6.2 MTEF Prior Action

A.1 Bank MTEF History Questionnaire 110