Fiscal Analysis and Forecasting (FAF)

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Course No.: ST 17.17
Location: Singapore, Singapore
Date: July 10, 2017-July 21, 2017 (2 Weeks)
Language: English

Target Audience:

Junior officials from both ministries of finance and/or central banks who would benefit from a broader understanding of the macroeconomic dimensions of fiscal policy issues.


Participants are expected to have a degree in economics or a related field, experience in macroeconomic analysis, and proficiency in Microsoft Excel.

Course Description:

This course, presented by the IMF's Fiscal Affairs Department aims at offering participants a more extensive exposure to fiscal issues and the macroeconomic effects of fiscal policy than is possible in a normal course on financial programming and policies. Separate lectures are devoted to fiscal accounts and analysis, fiscal forecasting, fiscal sustainability, the interrelations between the fiscal sector and the rest of the economy, and the fiscal dimension in financial programming. There are also presentations on selected fiscal issues of current interest. About half of the course time is allocated to workshops. These include sessions on fiscal accounting and analysis, fiscal forecasting and fiscal sustainability, and designing a fiscal baseline for a country case.

Course Objectives:
Upon completion of this course, participants should be able to:
  • Describe and explain the Medium-Term Budget Framework (MTBF), Fiscal Rules, and Fiscal Councils and their role in promoting sound fiscal policy through international experiences.
  • Analyze the readiness of countries for MTBF, Fiscal Rules, and Fiscal Councils as well as to address implementation challenges.
  • Apply acquired knowledge and skills to group-based assessments of real case studies.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.