Islamabad, May 05: A briefing session for Parliamentarians on the new budget process in Pakistan was held in Islamabad. 48 MNAs and 15 Senators from the PPPP, PML-N, PML, MQM and ANP including representatives from FATA participated in the PILDAT briefing including 5 Federal Ministers and 3 Ministers of State.
Mr. Nohman Ishtiaq, Director AbacusConsulting and National Technical Advisor MTBF Project, delivered a comprehensive presentation on the new budget management reform programme introduced by the Federal Government called the Medium-Term Budgetary Framework (MTBF). He explained that the upcoming Federal Budget will be based on the model known as Medium-Term Budget Estimates by Service Delivery which would present 1 year budget and 2 years projections for services (outputs) delivered by each Ministry / Division. The services are also linked with outcomes (affects on target population) and with the performance indicators and targets.
He further added, “MTBF has already been introduced in the countries such as United States of America, Canada, Australia, Great Britain and South Africa. Now for the first time Pakistan has taken initiative to implement MTBF in its budgetary process as well”.
Mr. Ishtiaq said, “Budget is a vital instrument at both the macro and micro level in Pakistan and MTBF aims to improve the budgetary process in Pakistan. MTBF also hopes to bring more accountability across the board”.
The MTBF consultancy team consists of AbacusConsulting and Oxford Policy Management Limited.
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