TARGET GROUP | Junior and mid-level officials working in ministries of finance or economy, at treasuries and central banks. Participants should have experience in budgeting and/or economic policymaking.
DESCRIPTION | This two-week course examines the role of fiscal institutions and accurate macrofiscal surveillance in improving the quality of macroeconomic management and fostering economic and financial stability and growth. Through lectures, workshops and participant presentations, the course aims to improve officials’ understanding of the main issues related to sound fiscal frameworks and policies. The course also underscores the importance of independent technical analysis in formulating sound macrofiscal policies and emphasizes the role of surveillance and peer review among countries in disciplining fiscal policies and reporting systems.
The course covers the following topics:
• Statistical reporting systems for fiscal data
• Fiscal accounting and analysis, including debt sustainability
• Trends in fiscal management, fiscal rules, and fiscal councils
• The current EU fiscal framework
• Principles of budgeting and public financial management
• The role of fiscal transparency, and existing initiatives in the areas of misreporting and fiscal standards and codes
• Recent reforms of fiscal institutions in selected countries