Public finance reforms: Medium term expenditure framework (MTEF) and its efficiency in Namibia
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Date
2007
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Abstract
The focus of this study was to review the performance of MTEF and notice the change that was brought about by MTEF since the commencement of its implementation. The study examined the effectiveness of the budget reform process, the current process whether the Namibian fiscal policy did achieve the micro and fiscal policy goals
Given that Namibia has implemented a homemade MTEF in Africa, the paper examines whether Namibia MTEF's is different from those MTEF initiatives. The study analysed the effectiveness and success factors of MTEF and how the micro and macro economic goals as articulated in MTEF has been achieved. The methodology for this research is both quantitative and qualitative, interview, library research; government documents and budget reports were conducted. The study revealed that there is a need of improving the current MTEF because the goals needs to be fixed at least for three years in order for them to be better monitored and evaluated. Recommendations were made on the way to improve the MTEF budget process in Namibia.
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Submitted in partial fulfilment of the requirements of the degree of Master of Public Policy and Administration
Keywords
Finance, Public, Appropriations and expenditure