Strengthening Budget Institutions (SBI)
Target Audience
Senior-level officials in ministries of finance, treasuries, debt management offices of the Indian state governments.
Qualifications
Participants should have significant experience in fiscal policy, budgeting and expenditure management.
Course Description
This course, presented by the IMF’s Fiscal Affairs Department, examines the good practices in public financial management, such as fiscal rules, strategic budgeting, medium-term budget frameworks, performance orientation, fiscal and financial reporting, budget execution, fiscal risk management, and their function in promoting fiscal discipline and efficient fiscal management.
Course Objectives
On completing this course, participants should be able to:
• Appreciate and describe the importance of fiscal institutions within a modern public finance management framework.
• Summarize, describe, and analyze the strengths and weaknesses of their States' budget institutions, relative to good practices.
• Describe and summarize the issues and choices surrounding the design of fiscal responsibility laws, fiscal rules.
• Describe, explain, and analyze the main techniques used in measuring fiscal risks, and steps involved and choices in the management of fiscal risks.
• Appreciate the key features of the IMF’s Fiscal Transparency Code and Public Investment Management Assessment (PIMA) framework.
