medium-term budgetary framework
A medium-term budgetary framework refers to a financial plan that outlines government spending and revenue objectives for a specific period of time, typically spanning around three to five years. It serves as a guide for efficient allocation of resources and helps ensure fiscal discipline by setting realistic targets and guidelines for budget formulation, execution, and evaluation.
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Related Concepts (1)
Similar Concepts
- annual budget
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- budget forecasting
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