Medium Term Expenditure Framework (MTEF) definition
Medium Term Expenditure Framework (MTEF) means the three to five (3-5) year rolling plan containing the budget estimates for the year to which it relates together with indicative budgets for the succeeding years;
Medium Term Expenditure Framework (MTEF) means the matrix used by the government to strategically allocate financial resources (domestic revenue and foreign aid) amongst programs and projects and link allocations with outputs.
Examples of Medium Term Expenditure Framework (MTEF) in a sentence
The Macroeconomic Framework (MEF) serves as a prelude to the annual national budget formulation process and, therefore, focuses on the following important issues: Review of the past trends and recent economic developments at the global, regional and domestic level; Macroeconomic estimates and projections for the three-year Medium Term Expenditure Framework (MTEF) period.
The plan will be evaluated at intervals of every three years in line with the Rolling and Forward Budget Approach or the Medium Term Expenditure Framework (MTEF) by an appointed expert.