Role of Medium-Term Budget Framework (MTBF) in accomplishing Public Financial Management (PFM) Goals

MTBFs generally cover the preparation, execution, and monitoring of multiannual budget plans and encompass expenditure and revenue predictions. Overall, a well-designed MTBF reflects the impact of past budgetary obligations and the future cost of new policy measures. It is explained by the Ministry of Finance, jointly with other responsible public authorities, in accordance with this law's budgetary-fiscal principles and rules.