Budget Function – Preparation Preparing/updating the MTEF (2)
{"Image DocumentName": "Budget Function \u2013 Preparation Preparing/updating the MTEF (2)", "Image ImageDescription": "Recognizing fixed costs or costs established by Law. Wages, social welfare, and pensions. Part of operating costs, including maintenance (utilities, buildings upkeep) Membership fees and dues. Debt service. Statutory transfers (to local governments, agencies and extra-budgetary funds) Lending and on-lending agreements. Identifying the \u2018flexible\u2019 part of the budget. Possible savings in fixed costs (rationalization, containment measures, elimination) Flexible part = resources minus fixed costs (adjusted by savings), divided between internal and external resources. Identification of government policy priorities. Poverty reduction strategy. Millenium Development Goals. Sector specific plans. On-going vs new policy initiatives. Defining major programs to meet these priorities. Outputs/outcomes. Broad Costs. How they are to be financed (internal or external resources) IFMIS Workshop, 8-12 November, 2004, Nairobi, Kenya.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}