Fiscal Frameworks

Fiscal Frameworks (FF)

This course, presented by the IMF’s Institute for Capacity Development, starts with essential concepts to measure and analyze fiscal policy consistency and effectiveness, then moves to the study of fiscal frameworks as best practices devised to foster fiscal discipline (including fiscal rules and fiscal councils to promote transparency and accountability). Discipline in fiscal policy is essential to achieve macroeconomic stability and minimize the risk of unsustainable dynamics that hamper long-term adequate and inclusive growth. The course concludes with thematic presentations by participants.

Course Objectives: Upon completion of this course, participants should be able to:

• Describe recent fiscal policy methodologies and tools. 

• Adopt a critical approach to assess data quality for fiscal policy. 

• Design fiscal rules for countries’ specific problems. 

• Use an in-year monitoring tool for fiscal performance. 

• Contribute to building a medium-term budget (for consolidation or stimulus) while limiting recession risks and respecting sustainability.

Syllabus Course Structure and Syllabus



IMF's Fiscal Frameworks course by Francesco Luna