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| Objectives: |
| The MTBF has three main objectives: |
 To further strengthen fiscal discipline by creating and orderly framework for management of the annual
budget over the medium term; |
To strengthen the alignment of federal resources by the government to the government’s policies and
strategies;
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To build the capacity in federal ministries to prepare and manage their budgets in a manner which
provides cost-effective service delivery (outputs) and efficient use of public funds (value for money).
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| Outputs: |
| Within the central ministries responsible for budgetary management ( Finance Division, Planning Commission) the outputs of the MTBF are: |
Establishment an effective mechanism to drive MTBF implementation from the top levels of government,
including Cabinet, the Ministry of Finance and the Planning Commission; |
Introduction of an agreed Medium Term Fiscal Framework and comprehensive Budget Strategy Paper to guide annual budget preparation;
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Allocation of resources between ministries and within ministries which are more line with policy priorities.
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| At the line ministry level the MTBF will: |
| Improved methodologies for aligning budgets with available resources and encourage ministries to take greater control of their own financial management; |
Support the IT requirements of the MTBF prior to the roll-out of information and financial management
systems support by the federal government (PIFRA).
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| Provincial linkages: |
The MTBF will not directly address issues of budget reform in the provinces, where provincial
governments are responsible for their own initiatives. However, appropriate linkages are being made by the MTBF to provincial budget reforms.
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| Benefits: |
| Taken together, the outputs of the MTBF will help to ensure that: |
Policy objectives determine the overall framework for the budgetary process.
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Individual budgetary allocations are more clearly linked to strategic priorities.
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Policies are considered in a medium to long term context.
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| There is greater predictability in the budgetary process. |
Opportunities are created to harmonise recurrent and development spending.
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Government spending is more clearly related to service delivery and results.
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