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Bryn Battersby and Mr. Ian Lienert
This paper examines the institutional arrangements of the macro-fiscal function in 16 African countries. Most ministries of finance (MoFs) have established a macro-fiscal department or unit, but their functions, size, structure and outputs vary considerably. Based on a survey, we present data on staff size, functional scope and the forecasting performance of macro-fiscal departments and identify common challenges in the countries reviewed. Some MoFs perform many macro-fiscal functions, but actions of various kinds are needed to strengthen their macro-fiscal departments. This paper provides some guidance for policy-makers in the region for enhancing the quality and scope of macro-fiscal outputs.
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance Report discusses recommendations for enhancing the performance of public investment management in Uganda. The current public investment program (PIP) is overextended and a stock-take is required (by September 2017) as the basis for further decisions. Cabinet endorsement of important decisions on the PIP is needed to provide a framework for subsequent planning, budgeting and decision making by the Ministry of Finance, Planning and Economic Development (MoFPED), the National Planning Authority (NPA), and Ministries, Departments, and Agencies. To inform the Cabinet decision on the PIP, a comprehensive review of the PIP should be conducted each September/October jointly between the MoFPED, the NPA and the sectors concerned under the auspices of the Development Committee.
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance Report discusses recommendations for developing a “Charter for Fiscal Responsibility” in Uganda. Publication of a “Charter for Fiscal Responsibility” at the start of each new Parliament is a requirement of Uganda’s new Public Financial Management Act. The Charter should set out measurable medium-term objectives for fiscal policy, and explain the methodology, data, and procedures by which performance against the objectives would be measured. The Charter should also be used to develop transparent fiscal reporting requirements and establish the role of fiscal objectives in underpinning the annual budget process.