Strengthening Budget Institutions

This course, presented by the IMF’s Fiscal Affairs Department, examines the role of fiscal institutions, such as medium-term fiscal frameworks, top-down budgeting, medium-term budgeting, cash and debt management, independent fiscal institutions and budget comprehensiveness, and their function in promoting fiscal discipline. 

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

• Explain and describe the significance and importance of fiscal institutions within a modern public finance management framework. 

• Summarize, describe, and analyze the strengths and weaknesses of their countries' budget institutions, relative to regional comparators. 

• Describe and summarize the issues and choices surrounding the design of fiscal responsibility laws, fiscal rules and independent fiscal institutions. 

• Describe, explain, and analyze the main techniques used in measuring fiscal risks, and steps involved and choices in the management of fiscal risks. 

• Describe and summarize the key features of the IMF’s Fiscal Transparency Code and Public Investment Management Assessment (PIMA) framework.