Mid- to senior-level officials in ministries of finance, treasuries, debt management offices, ministries of economy, or financial planning divisions in line ministries.
Participants should have significant experience in fiscal policy, macroeconomics, or budgeting.
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.
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.