Result Based Management Framework - METAC

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In January 2013, a METAC mission conducted a comprehensive review of the budget
execution functions and recommended a series of measures to improve current practices
and systems.
Objectives
Work Program
In order to move the PFM system in Egypt closer to international standards and build
PFM capacity, METAC’s work will aim to develop: (i) a medium-term, strategic-oriented
budget formulation process consistent with the macro framework and development plans;
and (ii) a more efficient and effective budget execution process based on the extension of
the TSA to the entire budget, along with developing CMU annual financial plans.
Outcomes
Upon completion of the budget preparation reforms, the relationship between the macrofiscal
projections and the budget process will be strengthened. Over time, this could
develop into a comprehensive multi-annual framework for preparing the budget. The
following outcomes are expected to be achieved:
Budget estimates are prepared for two out-years in addition to the next FY, and
are included in the budget document.
The estimated cost of expenditure programs is included in the budget document.
The budgets for capital and recurrent expenditures are integrated in the budget
document.
TA on Budget Execution will ensure an efficient use of resources. This will be translated
into the following outcomes:
The CMU has a good competence in cash flow planning and in active cash
management techniques.
The number of special funds and accounts is reduced, large balances are moved to
the treasury main account, and regulations for those which are justified are
prepared to ensure complete transparency in operations and balances.
Outputs
The main outputs of the TA on Budget Preparation are: