MFSI-II Project Studies German Medium-Term Budgeting Experience
16 January 2015
On 15 January 2015, a team from the Municipal Finance Strengthening Initiative (MFSI-II) Roll-out Project took part in a seminar on the topic of Medium-Term Budget Planning and Forecasting sponsored by the German Society for International Cooperation (GIZ).
The seminar was attended by representatives of nongovernmental organizations, officials from the Ukrainian Ministry of Finance, Parliament, academic community, and others.
The attendees heard a presentation delivered by Gerd Ehlers, who is a former State Secretary of the German Federal Ministry of Finance and an expert on Germany’s public finance management..
The event covered issues of financial planning as a tool of budget process management in the context of German experience and European standards. Special focus was placed on medium-term financial planning, and specifically, on five-year financial planning. The German expert provided recommendations for the annual preparation of financial plans and stressed its important economic and political significance.
The implementation of such recommendations will strengthen financial self-discipline as well as promote transparency and the effectiveness of Ukraine's financial policies.
The seminar was attended by representatives of nongovernmental organizations, officials from the Ukrainian Ministry of Finance, Parliament, academic community, and others.
The attendees heard a presentation delivered by Gerd Ehlers, who is a former State Secretary of the German Federal Ministry of Finance and an expert on Germany’s public finance management..
The event covered issues of financial planning as a tool of budget process management in the context of German experience and European standards. Special focus was placed on medium-term financial planning, and specifically, on five-year financial planning. The German expert provided recommendations for the annual preparation of financial plans and stressed its important economic and political significance.
The implementation of such recommendations will strengthen financial self-discipline as well as promote transparency and the effectiveness of Ukraine's financial policies.
Glyanec