IMF-如何制定和实施中期财政框架（英）

N O T E SHOW TONOTE 24/05How to Develop and Implement a Medium-Term Fiscal FrameworkTeresa Curristine, Isabell Adenauer, Virginia Alonso Albarran, John Grinyer, Koon Hui Tee, Claude Wendling, and Delphine MorettiIMF | How to Notes NOTE/2024/005 ©2024 International Monetary Fund How to Develop and Implement a Medium-Term Fiscal Framework NOTE/2024/005 Teresa Curristine, Isabell Adenauer, Virginia Alonso Albarran, John Grinyer, Koon Hui Tee, Claude Wendling, and Delphine Moretti* DISCLAIMER: How to Notes offer practical advice from IMF staff members to policymakers on important issues. The views expressed in How to Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. RECOMMENDED CITATION: Curristine, Teresa, Isabell Adenauer, Virginia Alonso Albarran, John Grinyer, Koon Hui Tee, Claude Wendling, and Delphine Moretti. 2024. “How to Develop and Implement a Medium-Term Fiscal Framework.” IMF How to Note 2024/005, International Monetary Fund, Washington, DC. Publication orders may be placed online, by fax, or through the mail: International Monetary Fund, Publications Services P.O. Box 92780, Washington, DC 20090, USA Tel.: (202) 623-7430 Fax: (202) 623-7201 E-mail: publications@imf.org bookstore.IMF.org elibrary.IMF.org * The authors would like to thank Katherine Baer and Era Dabla-Norris for their very helpful comments, Chloe Cho for her excellent research support, and Carlos Herrero García and Paul Tempelaere for their excellent work on the survey of medium-term fiscal frameworks in selected countries. IMF | How to Note ii Contents How to Develop and Implement a Medium-Term Fiscal Framework ...................................................................... 1 1. Introduction ...................................................................................................................................................... 1 2. Medium-Term Fiscal Framework (MTFF)—Context and Components ........................................................... 3 3. Design Considerations ..................................................................................................................................... 7 4. Challenges in Implementing MTFFs ................................................................................................................ 9 5. Institutional and Technical Arrangements for Effective MTFF Implementation ............................................. 11 6. Country Examples—MTFFs at Diverse Capacity Levels .............................................................................. 20 7. Conclusion and Lessons for Sound MTFF Implementation .......................................................................... 26 References ............................................................................................................................................................ 40 Boxes Box 1. Medium-Term Fiscal Pl