Beyond the Annual Budget : Global Experience with Medium-Term Expenditure Frameworks

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dc.contributor.author
World Bank
en_US
dc.date.accessioned
2012-12-11T22:38:25Z
en_US
dc.date.available
2012-12-11T22:38:25Z
en_US
dc.date.issued
2013
en_US
dc.identifier.isbn
978-0-8213-9625-4
en_US
dc.identifier.uri
http://hdl.handle.net/10986/11971
en_US
dc.description.abstract
This report is structured as follows. Chapter two provides background on what constitutes a medium-term expenditure framework, or MTEF and what it aims to achieve. It also describes the Bank's engagement with MTEFs, presents main points of debate over the experience with MTEFs, and provides a rationale for this study. Chapter three describes the key characteristics of MTEFs, explains the approach used to identify and classify them according to their stage of development, and reviews trends in their adoption. Chapter four outlines the methodological approaches used to examine the impact of MTEFs on fiscal performance, formulates the research hypotheses that are tested in the study, and presents empirical findings from the event studies and econometric analysis. It also presents qualitative insights, informed by case studies, on how MTEFs have affected the quality of budgeting. Chapter five draws some lessons about the key institutional determinants of MTEF performance. Chapter six discusses lessons learned from Bank support for MTEF implementation. Finally, chapter seven presents the conclusions of the study and discusses their implications for the Bank. Several appendixes provide supporting material, including a country-by-country tabulation of MTEF status, a full discussion of econometric results, and country case studies.
en_US
dc.language
English
en_US
dc.language.iso
en_US
en_US
dc.publisher
Washington, DC: World Bank
en_US
dc.rights
CC BY 3.0 IGO
en_US
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
en_US
dc.subject
Budget planning and execution
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dc.subject
Financial management information systems
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dc.subject
Fiscal stability
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dc.subject
Growth
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dc.subject
Medium-term expenditure framework
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dc.subject
Public financial management
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dc.subject
Public sector reforms
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dc.subject
Public spending effectiveness
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dc.subject
Public spending efficiency
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dc.subject
Spending volatility
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dc.subject
World Bank lending
en_US
dc.title
Beyond the Annual Budget : Global Experience with Medium-Term Expenditure Frameworks
en_US
okr.identifier.externaldocumentum
000333037_20121108005114
en_US
okr.identifier.internaldocumentum
16928787
en_US
okr.volume
1 of 1
en_US
okr.date.disclosure
2012-11-08
en_US
okr.topic
Private Sector Development
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okr.topic
Macroeconomics and Economic Growth
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okr.identifier.report
73514
en_US
okr.unit
EAP PREM JAKARTA GROUP (EASP2)
en_US
okr.region.country
Albania
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okr.region.country
Armenia
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okr.region.country
Brazil
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okr.region.country
Ghana
en_US
okr.region.country
Jordan
en_US
okr.region.country
Korea, Republic of
en_US
okr.region.country
Nicaragua
en_US
okr.region.country
Russia
en_US
okr.region.country
South Africa
en_US
okr.region.country
Uganda
en_US
okr.doctype
Publications & Research :: Publication
en_US
okr.doctype
Publications & Research :: Publication
en_US
dc.rights.holder
World Bank
en_US
okr.googlescholar.linkpresent
yes

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