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Robert Schumann Center for Advanced Studies Close to Balance or in Surplus A policymakers Guide to the Implementation of the Stability and Growth Pact Michael J. Artist and Marco But RSC No. 2000/28

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What is what are quotmedium-term budgetary?

The term 'medium-term budgetary' refers to a financial plan that covers a period of several years, typically between three to five years. It outlines the projected revenues, expenses, and priorities for a specific organization or government entity over the specified time frame.

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The purpose of a medium-term budgetary plan is to provide a strategic and holistic overview of an organization's or government entity's financial situation, goals, and priorities over a specified time frame. It helps in aligning financial resources, making informed decisions about resource allocation, and ensuring fiscal sustainability and accountability.

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The information that must be reported in a medium-term budgetary plan typically includes revenue sources, projected expenses, planned investments, strategic priorities, and any other relevant financial information. Specific reporting requirements may vary depending on the governing authority or organization responsible for the budgetary process.

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