IMF | SARTTAC

Target Audience

Senior-level officials (at least undersecretary level) in departments of finance, economic affairs, treasury, debt management offices and planning departments of northeastern state governments (Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura).

Qualifications

Participants should have significant experience in fiscal policy, budgeting, expenditure management, oversight of PSUs and funding of capital projects.

Participants are encouraged to register for the PFM online course in preparation for this course: https://www.imf.org/en/Capacity-Development/Training/ICDTC/Schedule/OL/2019/PFMxOL19-115

Course Description

This course, presented by the IMF's Fiscal Affairs Department, examines 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 each States' budget institutions, relative to good practices.

- Describe and summarize the issues and choices surrounding the design of fiscal responsibility laws and fiscal rules.

- Understand the importance of medium-term macro-fiscal forecasting as an input to strategic budgeting Acknowledge the importance of clear budget documentation for effective policy communication.

- Describe, explain, and analyze the main techniques used in measuring fiscal risks, and steps involved and choices in the management of fiscal risks-particularly debt management and contingent liabilities.

- Appreciate the key features of the IMF’s Fiscal Transparency Code and Public Investment Management Assessment (PIMA) framework.