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The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other countries' experiences with their frameworks. An attempt is made to identify features that have proven to be effective elsewhere and that can be applied to the Austrian case. The paper also identifies potential challenges and possible trade-offs when implementing the framework.

Fiscal policy --- Budget process --- Fiscal policy. --- Tax policy --- Taxation --- Government policy --- Economic policy --- Finance, Public --- Budgeting --- Macroeconomics --- Public Finance --- Fiscal Policy --- National Government Expenditures and Related Policies: General --- Forecasts of Budgets, Deficits, and Debt --- National Budget --- Budget Systems --- Budgeting & financial management --- Public finance & taxation --- Expenditure --- Medium-term budget frameworks --- Budget planning and preparation --- Fiscal rules --- Budget --- Expenditures, Public --- Austria

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This Status Report summarizes the main steps that have been undertaken since the last progress report to finalize the National Poverty Eradication Program (NPEP) of Lao People's Democratic Republic. The NPEP is a comprehensive framework for growth and development, with a focus of an in-depth improvement of the poverty situation in the poorest districts. It is the government's operational planning instrument, based on active participation at all levels, to achieve growth and poverty eradication. The NPEP monitoring will be completed by a separate monitoring of the progress achieved toward the MDGs.

Budgeting --- Social Services and Welfare --- Poverty and Homelessness --- Welfare, Well-Being, and Poverty: General --- Government Policy --- Provision and Effects of Welfare Program --- Forecasts of Budgets, Deficits, and Debt --- Poverty & precarity --- Social welfare & social services --- Budgeting & financial management --- Poverty --- Poverty reduction --- Medium-term budget frameworks --- Public financial management (PFM) --- Budget --- Lao People's Democratic Republic

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More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries–– Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.

Budgeting --- Macroeconomics --- Public Finance --- Studies of Particular Policy Episodes --- National Government Expenditures and Related Policies: General --- National Budget --- Budget Systems --- Forecasts of Budgets, Deficits, and Debt --- Fiscal Policy --- Budgeting & financial management --- Public finance & taxation --- Budget planning and preparation --- Medium-term budget frameworks --- Expenditure --- Macroeconomic and fiscal forecasts --- Fiscal policy --- Public financial management (PFM) --- Budget --- Expenditures, Public --- Economic forecasting --- South Africa

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This Technical Assistance paper on Ukraine discusses medium-term budget framework (MTBF) and fiscal risk statement. In order to strengthen the medium-term orientation of the budget, the authorities have committed to implement a full-fledged MTBF as part of their Public Financial Management Reform Strategy (2017–21). The ability of the Ministry of Finance (MoF) to enforce compliance with ceilings during the annual budget will be critical to the success of the pilot exercise. The MoF will need to develop a robust report explaining the ceilings for cabinet discussion and for presentation to the legislature. The authorities have been taking steps to improve their understanding and disclosure of fiscal risks and have made significant progress with the inclusion of a summary fiscal risk statement in the draft Budget Declaration. The institutional structures to support fiscal risk analyses and disclosure are also yet to be established.

Budget planning and preparation --- Budget Systems --- Budget --- Budgeting & financial management --- Budgeting --- Economic forecasting --- Expenditure --- Expenditures, Public --- Fiscal policy --- Fiscal risks --- Forecasts of Budgets, Deficits, and Debt --- Macroeconomic and fiscal forecasts --- Macroeconomics --- Medium-term budget frameworks --- National Budget --- National Government Expenditures and Related Policies: General --- Public Administration --- Public finance & taxation --- Public Finance --- Public financial management (PFM) --- Public Sector Accounting and Audits --- Ukraine

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This Technical Assistance Paper on Ukraine discusses that implementing strategic planning and a medium-term budget framework (MTBF) is a core component of Ukraine’s Public Financial Management (PFM) reform strategy. A pilot MTBF conducted in 2017 formed the basis for amendments to the Budget Code in December 2018, which firmly establish a MTBF as the basis for budget preparation. The amendments also establish a legal basis for related reforms, including regular spending reviews and monitoring and managing risks to public finances. The report also highlights that a central margin should also be established to accommodate budget volatility and meet the costs of genuinely urgent, unavoidable and unforeseeable expenditure pressures that may arise. In order to reinforce spending discipline, the margin should be tightly controlled, centrally managed and transparently reported. Strategic planning should also be improved to provide a stronger basis for integrated policymaking, strategizing, planning and budgeting. Creating a robust strategic planning system would assist in this regard.

Budget planning and preparation --- Budget Systems --- Budget --- Budgeting & financial management --- Budgeting --- Expenditure --- Expenditures, Public --- Fiscal policy --- Fiscal risks --- Forecasts of Budgets, Deficits, and Debt --- Medium-term budget frameworks --- National Budget --- National Government Expenditures and Related Policies: General --- Public Administration --- Public expenditure review --- Public finance & taxation --- Public Finance --- Public financial management (PFM) --- Public Sector Accounting and Audits --- Ukraine