Transcription of 5. THE MEDIUM TERM EXPENDITURE FRAMEWORK
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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.
Through the prioritisation of programmes, ... ♦ a R300 million allocation for additional investment in South Africa's infrastructure, increasing to R800 million in 2000/01. By targeting these programmes Government demonstrates its commitment to …
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