Fiscal transparency and risk management
Our BPE learning initiatives elaborate on the elements of fiscal risk management and ways to constrain arrears; control cash and debt flows; and secure adequate coverage of budgetary documents. They help reinforce the role of the parliament, independent fiscal institutions and the public in improving and sustaining fiscal transparency. We contribute to building the capacities needed to introduce modern PFM systems and procedures for effective financial management and reporting, and strengthening the institutional framework in accordance with international best practices.
Well-functioning medium-term budget frameworks
The learning program is designed to raise understanding of a greater audience of finance officials about principles of multi-year budgeting procedures and budget ceilings, the integration of capital and current budgets, distinction between fiscal implications of baseline and new policy initiatives, and models for accurate fiscal programming of policies.
Performance-oriented budgetary decision-making
Better information about policy outcomes and effectiveness help allocate budget resources to programs where the benefits are the highest, and address equity concerns. Monitoring cost-effectiveness helps reduce the costs of delivering public services and goods. Our BPE program covers a range of related topics, for example the integration of planning and budgeting cycles; links between program structures at different national levels; setting policy objectives and key performance indicators; review of public spending; predictability through internal control mechanisms; and effectiveness and accountability of budgetary spending.
Budget Preparation and Execution
The program supports our constituency in ensuring greater macro-fiscal sustainability. Significant part of the program is oriented towards targeting selected sector-specific fiscal issues. A special emphasis is put on facilitation of knowledge exchange among ministries of finance and line ministries, in particular on the costing of the fiscal implications of structural reforms. Learning activities promote fiscal transparency and risk management, strengthen capacities to establish and implement well-functioning medium-term budget frameworks, and improve performance-oriented budgetary decision-making.
Budget Preparation and Execution learning activities aim to promote:
We scaled up reaching out to line ministries who aim to strengthen their financial management functions. For the beginning of 2019, we envisage the kick-off of a three-year multi-beneficiary capacity development effort primarily aimed at the EU candidate and potential candidate countries in the Western Balkans and Turkey. The purpose of the project is to strengthen analytical capacities needed for comprehensive assessment of fiscal implications of structural reforms, to promote greater fiscal policy coordination among relevant authorities especially between finance ministries and line ministries, as well as within the umbrella of individual line ministries, and to stimulate exchange of good practices across the region.
We design our learning initiatives under this program closely with IMF Fiscal Affairs Department (FAD). We host two IMF FAD advisors and their support staff. Suzanne Flynn, PFM Advisor for South East Europe is involved in many initiatives of this program; her technical assistance missions in the SEE region strongly inform our program.
Several ministers and high-level representatives from Western Balkans and Turkey gathered in Ljubljana together with high-level representatives of the…
We are starting a three-year multi-beneficiary capacity development project Fiscal Implications of Structural Reforms (FISR) funded by the European Union…
Effective Coordination Between Central Banks and Ministries of Finance (by Invitation)High Level Meeting: June 4, 2019
Program and Performance BudgetingWorkshop: October 8 – 10, 2019IOnline course: September 16 – October 1, 2019
Financing and Accounting of IPA ProjectsWorkshop: September 24 – 26, 2019
Planning and Prioritizing Public Investment ProjectsWorkshop: November 12 – 14, 2019
WATCH THE VIDEO: Strategic planning and budgeting project video overview.