Medium-Term Expenditure Planning for National Sustainable Development
Senior representatives of the Ministries of Finance and National Planning from Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tokelau, Tonga, Tuvalu and Vanuatu are meeting in Nadi, Fiji this week to develop strategies to improve medium-term expenditure planning for sustainable development. The workshop is co-hosted by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Pacific Office and the Pacific Financial Technical Assistance Centre (PFTAC).
The five-day meeting is focusing on improving medium-term government budgeting to achieve national development plans. Participants are discussing ways of enhancing budget transparency, improving the quality of government spending; and managing fiscal risks including debt repayment.
An important objective of the workshop is to help develop guidelines on good practice for strengthening medium-term expenditure planning and better linkages to national budgets.
“Effective national planning and budgetary processes are critical tools for governments to achieve national sustainable development, and the 2030 Agenda for Sustainable Development,” said Iosefa Maiava, Head of the ESCAP Pacific Office.
“Assisting Pacific countries with the development of medium-term fiscal frameworks is a key priority for PFTAC as medium-term fiscal planning and budgeting is essential for addressing major challenges including the fiscal costs of natural disasters, climate change, non-communicable diseases and population aging,” said Scott Roger, Coordinator of PFTAC.