As per the provision in the Intergovernmental Fiscal Management Act 2074, federal, provincial and local governments are required to prepare public expenditure statements in every fiscal year. While preparing the public expenditure statement it is also mandatory for them to prepare the Medium Term Expenditure Framework (MTEF) of three years by highlighting the objective of the project, output and outcome to be achieved, source of expenditure and projection of output and outcome expected to be achieved from the amount expended, expenditure strategy and actual statement of the achievement or non-achievement of targets according to the allocated expenditure of the last fiscal year if the project is ongoing. However, MTEF preparation is a new approach for local governments and it requires enhancing their capacity.
Event Started Date
Event End Date