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Strengthening Budget Institutions (SBI)

Fiscal Policy

This course, presented by the 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 how each promotes fiscal discipline.

Read More Topic : Fiscal Policy

    Target Audience

    Mid-level to senior officials in ministries of finance or economy, treasuries, debt management offices, or financial planning divisions in line ministries.

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    Qualifications

    Participants are expected to have significant experience in fiscal policy, macroeconomics, or budgeting.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Explain and describe the importance of fiscal institutions for modern public finance management.
    • Summarize and analyze the strengths and weaknesses of the budget institutions of their own country relative to regional comparators.
    • Summarize factors in the choices involved in the design of fiscal responsibility laws, fiscal rules, and independent fiscal institutions. 
    • Explain and analyze the main techniques used to measure fiscal risks, the steps taken and the choices involved in the management of fiscal risks.
    • Describe and summarize the key features of the Fiscal Transparency Code and Public Investment Management Assessment frameworks.
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