Medium-Term Budget Framework definition

Medium-Term Budget Framework or “MBF” means the Medium-Term Budget Framework, which is the estimate of income and expenditure of the Government of the budget-year with the projection of two years next thereto.
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Medium-Term Budget Framework or “MTBF” means the transparent planning and budget formulation process whereby the Borrower’s cabinet establishes credible envelopes for allocation of public resources to strategic priorities while ensuring overall fiscal discipline;
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Examples of Medium-Term Budget Framework in a sentence

  • Medium-Term Budget Framework (MTBF) 2014-2016 approved and published; Means of verification: Decision on, and publication of the MTBF 2014-2016 on the appropriate government website.

  • Medium-Term Budget Framework (MTBF) 2015-2017 approved and published.

  • Medium-Term Budget Framework (MTBF) 2016-2018 approved and published.