The evaluation framework is developed largely based on the World Bank's evaluation of how effective a medium-term expenditure framework
(annual, rolling multi-year expenditure planning) has been over the last 20 years in achieving major budget and policy goals.
The budget contains macro-fiscal technical note, medium-term revenue forecast, description of the medium-term expenditure framework
, public debt management strategy, scope of external financing, budget development and spending policies by sector.
It added that the government's approval of $1.2 billion to finance investment in the electricity sector is not anchored within a medium-term expenditure framework
and is not formally linked to obligations of completing cost recovery-related reforms.
Tombe said he was pleased with areas which managed to contain HIV/AIDS transmission below five per cent and urged them to intensify the fight against the killer disease, urging that all programmes aimed at fighting the scourge be allocated more funds under the Medium-Term Expenditure Framework
In this context, adopting a comprehensive medium-term expenditure framework
supported by an expenditure rule would enhance the sustainability, and hence the credibility, of the fiscal adjustment.
We are totally in tune with the World Bank's point of view that the reform in the public financial management to ensure spending effectiveness and efficiency is more urgent than before the crisis; and that the much-needed reforms should be the consistent introduction of the medium-term expenditure framework
and the performance-based budgeting.
Such high levels of expenditure cannot be made outside a macroeconomic framework that recognizes their importance, evaluates them appropriately, and includes them in the medium-term expenditure framework
No concrete progress is being made in either pensions or healthcare and weaknesses in the Medium-term Expenditure Framework
are not being addressed.
He said that the projected total revenue for the year 2019 is ?775.231billion, of which ?606.291billion is expected to be generated internally, ?168.940billion is expected from Federal Transfers while a total of ?77.086billion will be sourced through deficit financing within our medium-term expenditure framework
The Kibicho led-team will propose budgetary provisions in annual ministerial budgets and medium-term expenditure framework
for priority initiatives.
a.Enhancing fiscal management by establishing a public finance unit in the Ministry of Finance responsible for setting a budget ceiling by adopting a medium-term expenditure framework
(three years); and ensuring anadherence to this ceiling;