The Governance Brief: Linking Planning and Budgeting: The Medium Term Expenditure Framework (Issue 2)
Asian Development Bank | June 2001
Abstract
In most developing countries, the government prepares a medium term development plan that lays out the strategic priorities and key objectives for the country over a three- to five-year period. This exercise however is almost always done independently of the annual budget process, and often results in a wish list of programs and activities which cannot be realistically achieved given the finances of government. The plan thus becomes de facto more of an academic exercise rather than an effective instrument for promoting socio-economic development.
Citation
Asian Development Bank. 2001. The Governance Brief: Linking Planning and Budgeting: The Medium Term Expenditure Framework (Issue 2). © Asian Development Bank. http://hdl.handle.net/11540/3451. License: CC BY 3.0 IGO.Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
ADB
Project finance
Development plans
Strategic planning
Business Financing
Investment Requirements
Insurance Companies
Insurers
Insurance stocks
Insurance holding companies
Insurance carriers
Insurance agencies
Business subsidies
Investment companies
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