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Ministry of Finance of the Republic of Tajikistan

Ministry of Finance of the Republic of Tajikistan. The budget process and medium-term expenditure framework. Sarvar Kurbanov Dilshod Saidov. Formation of the State Budget of the Republic of Tajikistan.

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Ministry of Finance of the Republic of Tajikistan

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  1. Ministry of Finance of the Republic of Tajikistan The budget process and medium-term expenditure framework SarvarKurbanov DilshodSaidov

  2. Formation of the State Budget of the Republic of Tajikistan Formation of the State Budget of the Republic of Tajikistan is carried out according to the instructions on the draft state budget for 2013 and the forecast budget figures for 2014-2015

  3. The stages of state budget preparation for 2013-2015 • The structure of the budget process in Tajikistan

  4. Prediction of the state budget the process of preparation Phase detailed budget preparation Strategic phase 1 macro-economic framework earnings forecast The medium-term investment plan 5 Medium-term program of public spending Macroeconomic and macro-frame objectives of fiscal policy, budget priorities, baseline budgets ceilings of expenditure by sector 6 Approval of ceilings and identify new policy directions of the Budget Commission and the Government 8 Draft Law on the budget prepared by the Ministry of Finance, Internal 9 Presentation of the draft budget law & the budget figures for the next two years for approval to the Government 2 Prepare a basic budget The base budget operating costs Base capex 3 Sector Strategy prepared / updated line ministries On this basis Setting budget priorities 7 budget request and forecast budget figures for the next two years, prepared MMBF in the proposed ceilings 10 Presentation of the draft budget law & budget figure for the next two years in Parliament, hold budget hearings 4 Determination of ceilings of expenditure by sector and MMBF

  5. Budget planning cycle 2013-2015 Order of the Government of Tajikistan Instructions for making predictions of the state budget (PGB) for 2013-2015. and the State Budget for 2013 Definition of macroeconomic indicators and government revenues in the medium term Setting budget priorities for government spending and ceilings by sector

  6. Budget calendar 1st stage

  7. Definition of macroeconomic indicators and government revenues in the medium term 1. Ministry of Economic Development and Trade will make the forecast of macroeconomic indicators of the Republic of Tajikistan for the medium term, and submit to the Ministry of Finance 2. National Bank of Tajikistan is the Ministry of Finance forecast rate of the national currency to U.S. dollars and inflation in the medium term 3. The Ministry of Finance as part of preparing a macroeconomic forecast revenues of the State budget, based on a proposal MMBF setting budget priorities and prepares expenditure ceilings by sector over the medium term.

  8. Budget planning tools • The base budget - budget planning tool that determines the cost of the current policy, if there is no change in the current policy / strategy for the sector. The budget takes into account the basis of inflation, one-time cost and the law established requirements in response to changing demographics • To balance the budget process and to avoid the need to change the ceiling of expenditure later in the process of budget planning (for example, due to changes in macroeconomic projections), is expected to create a reserve planning. Provision of planning - it's a small part of the total budget to fund new initiatives, which must be deposited as a reserve for the planning • After determining the base budget, the Ministry of Finance, based on macroeconomic and fiscal revenues and fiscal policies of the Government (the deficit, taxes, national debt), calculates the amount of budget funds for new initiatives 9

  9. Forecasting the cost ceiling by sector / MMBF based on the following indicators: • forecast of macroeconomic indicators (GDP, inflation, exchange rate, etc.) • fiscal policy (the amount of the budget deficit, tax policy) • budget priorities for the sectors in the medium term

  10. Essential criteria for the application of ministriessetting budget priorities • Applications budget priorities of ministries must meet the following three criteria must : 11

  11. Thank you for your attention ! Tashakkur ! Ce ce !

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