Capacity building support for the Ministry of Finance
In 2017, Vietnam’s revised State Budget Law introduced a five-year financial framework for medium-term planning as well as 3-year state-budget finance plans, i.e. MTBF and MTPF at the central and sub-national level, which are derived from the medium-term financial framework and adjusted annually to ensure that changing macroeconomic conditions are considered for budget preparation.
GFA supported the preparation of the Government Decree regulating mid-term financial planning in Vietnam. Currently, GFA is consulting on the multi-step implementation process by delivering strategic and technical advice. This includes the development of a circular, which promulgates specific institutional, organizational and technical provisions on 5-year Financial Planning and three-year financial-budgetary planning, the elaboration of a manual, and the design and implementation of trainings for public employees tasked with budget preparation at all government levels.