Medium-Term Fiscal and Budget Frameworks
Strengthening Fiscal Planning Through Medium-Term Frameworks
Medium-Term Fiscal and Budget Frameworks (MTFFs and MTBFs) provide governments with a structured approach to align fiscal policy, expenditure priorities, and development objectives over a multi-year horizon. These frameworks enhance fiscal discipline, improve budget credibility, strengthen resource allocation, and support sustainable public financial management by linking strategic priorities to realistic fiscal projections.
Fiscal Sustainability
Strategic Budget Planning
Performance Alignment
Institutional Strengthening
Common Questions Answered
They provide a multi-year perspective for fiscal policy and budgeting, helping governments maintain fiscal discipline, improve expenditure predictability, and align resources with strategic priorities.
A Medium-Term Fiscal Framework (MTFF) focuses on aggregate fiscal targets, revenues, expenditures, and debt sustainability. A Medium-Term Budget Framework (MTBF) translates those fiscal objectives into sectoral and institutional budget allocations.
By linking policy objectives with realistic macroeconomic and fiscal forecasts, governments can prepare more reliable budgets and reduce deviations between approved and executed expenditures.
Yes. These frameworks can be linked to performance indicators and strategic objectives, strengthening results-based management and improving accountability for public spending.
Successful implementation typically requires stronger fiscal forecasting, improved budget preparation processes, coordination between finance and planning institutions, and enhanced analytical capacity.
Meridian provides technical assistance for framework design, fiscal analysis, expenditure forecasting, institutional strengthening, capacity building, and implementation strategies tailored to country-specific contexts.
