In: Economics
Question
Explain in detail the Medium Term Expenditure Framework (MTEF) in
the Zambian context.
What has been the effect of adopting it as an expenditure
management framework?
*Answer
Medium term expenditure Framework is basically a government
medium term schools based on development projects in the
implication under the budgetary concern in the current physical
environment and it involve the public scrutiny and the
refinement.
In the zambian context it is applied according to the section wise
where the analysis based on the category of deficits and the
expected return which can be implemented according to the
pre-assigned policies of the government budget which is regulated
under the control of financial authorities and government with the
help of the public authorities in the concern related to pre fix
assignments of public expenditure projects.
The effect of adopting medium term expenditure Framework as an
Expenditure Management framework is to provide an official
settlement and public scrutiny program for or the implementation of
development goals and to study the expenditures criteria for
sectional divisional development.
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