Download Slide 1

Ministry of Finance
November 2011
Contents
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2.
3.
4.
5.
6.
What is an MTBF?
Why does Palau need an MTBF?
What is our Budget Calendar?
Where are we with implementation
What are the implications & challenges for our
Budget Activities?
What is MoF doing to assist Line Ministries
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What is an MTBF?
 A clear statement of revenue & expenditure
 Control new policies through strategic prioritisation
 Tracks budget implementation over 3 years
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Why does Palau need an MTBF?
Palau is highly dependent on world economic
circumstances
2. Compact grants not there for ever
3. Clear picture needed on impact on our GDP
4. Need to decide now on what our priorities are for
1.
domestic revenues
b. government expenditures
a.
4
What is our Budget Calendar?
 Key budget preparation events
 BCC1 & BCC2
 BCC1 budget submission prep – Nov-Feb
 BCC2 redo budget submission – July-Aug
 Pre Budget document – Congress Authorization - April
 Budget Hearings - September
 Appropriation Bill – Congress, end of September
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Where are we with
implementation?
 Commenced implementation with assistance from
ADB in 2010 for FY2012
 Now preparing FY13 in earnest
 What tools do we have already?
 MTFS
 MTFF
 MTDS
 MTBF – will be prepared by end March 2012
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What are the implications &
challenges for LMs?
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2.
3.
4.
5.
Adherence to Budget Calendar
Adherence to BCC1 guidelines & instructions
Aligning plans & strategies to MTDS Results
Framework – Prioritisation, Planning & Budget
coordination
Identify Programs/Projects
Set Performance Indicators (PIs) – focus on
outputs/outcomes
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What are the implications &
challenges for LMs?...cont’d
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7.
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Coordinate Planning & Budget
Cost & identify source of funding
Adhere to BCC2 guidelines & instructions
Adhere to Performance Reporting requirements
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What is MoF doing to assist LMs
Clear picture of what is expected of them – Budget
Calendar
2. We guide them – BCCs – templates & costing
guidelines
3. We train them – workshops held for BCC1, costings
and results based framework
4. We provide guidance at time of budget hearing
1.
9
Mesulang
Thank you for your Attention
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