Transcription of 5. THE MEDIUM TERM EXPENDITURE FRAMEWORK
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5. THE MEDIUM TERM EXPENDITURE FRAMEWORK
15. THE MEDIUM TERMEXPENDITUREFRAMEWORK MEDIUM TERM BUDGET PLANNINGThe MEDIUM Term EXPENDITURE FRAMEWORK (MTEF) sets out three-yearspending plans of the national and provincial governments. It aims to ensurethat budgets reflect Government's social and economic priorities and givesubstance to Government's reconstruction and development MTEF is one of the most important reforms of the budgetary process thisGovernment has of the MTEFThe benefits of the MEDIUM term EXPENDITURE FRAMEWORK are: allocation of resources to priority services; more efficient planning and management; a FRAMEWORK within which policy proposals can be assessed; more transparency in government; a reduction in roll-overs; and a clear demonstration of how fiscal targets will be and MEDIUM term planning is essential for the transformation of South Africanreprioritisationsociety. Transformation requires the reprioritisation of resources in favour ofthe previously disadvantaged, providing access to basic services where it wasnot provided before.
The Medium Term Expenditure Framework (MTEF) sets out three-year spending plans of the national and provincial governments. It aims to ensure that budgets reflect Government's social and economic priorities and give substance to Government's reconstruction and …
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