The budget is a framework to help plan, manage and evaluate public expenditure to implement government policies. It is crucial in maintaining overall fiscal discipline, allocating scarce resources in line with a government's strategic policy priorities and improving the efficiency and effectiveness of implementing a government's policies.
We work with governments to develop and execute budgets in order to transform long-term visions into tangible deliverables that support growth and development. Our expertise is in all aspects of the budget cycle including:
- Developing a robust macroeconomic framework, including forecasts of revenue, expenditure and short-term cash requirements
- Developing a performance-oriented budgeting approach
- Operationalising the budget in line with best practice
- Conforming to accounting and reporting standards and enforcing internal controls
- Ensuring quality and value-for-money in procurement
We also work with countries to develop a multi-year approach to budgeting that facilitates a closer link between long-term policy objectives and the budget. A medium-term expenditure framework supports transparent planning and budgeting to encourage governments to allocate budget envelopes based on outcomes and move towards results based management.