About us
Background
Deepening Medium Term Budget Framework (DMTBF) and Strengthening Financial Accountability Project under Strengthening Public Expenditure Management Program (SPEMP) was launched in April 2009. The project is financed by Multi-Donor Trust Fund (MDTF) and administered by the World Bank. Ministry of Finance is executing the project with management and implementation support from PDP Australia.
DMTBF is successive to Reform in Budgeting and Expenditure Control (RIBEC) Project and Financial Management Reforms Program (FMRP), implemented as part of Public Financial Management reforms inBangladesh.
Overall Objectives
The overall objectives of the project are to strengthen and modernize core institutions of budgeting within the government with a particular emphasis on introducing a performance orientation in Public Financial Management.
Specific Objectives
1. Modernize long term strategic planning and policy development
2. Institutionalize and deepen the MTBF approach in budget planning
3. Improve budget classification for more effective budget management
4. Formulate debt strategy and modernize retail debt.
5. Provide adequate regulatory support to reforms including establishment of a Public Finance Act and revise the General Financial Rules, Treasury Rules and Accounts Code.
6. Modernize and streamline payroll, pensions, general provident fund, loans & advances, and assets.
7. Strengthen the financial and performance management capacity within line ministries in order to establish greater accountability for utilization of resources and service delivery.
8. Improve the linkages between procurement planning and budgeting
9. Consolidate iBAS towards a modern integrated budget and accounting system
10. Develop and maintain in house capacity through Financial System Management Unit (FSMU) for providing support on technology and applications system, during and after life of the project.
11. Put in place the policies, processes and skills to manage and deliver a comprehensive training and development program in support of the Financial Management Reform Program (FMRP)
Key deliverables of DMTBF
— Capacity development for macro-fiscal forecasting, policy & analysis
— Improved public debt management process
— Quality MTBF-related documents
— Improved IT solutions and infrastructure for PFM
— Improved Budget submissions appraisal techniques, including production of a manual
— Preparation of a Budget Monitoring Manual
— New processes for budget preparation, implementation and monitoring
— Introduction of a program classification structure
— Skilled human resources and customized training schemes for initiating and implementing reforms in PFM process
— Development and implementation of an internal audit strategy
http://www.mof.gov.bd/dmtbf
http://www.mof.gov.bd/dmtbf/index.php/project-team
Deepening Medium Term Budget Framework (DMTBF) and Strengthening Financial Accountability Project under Strengthening Public Expenditure Management Program (SPEMP) was launched in April 2009. The project is financed by Multi-Donor Trust Fund (MDTF) and administered by the World Bank. Ministry of Finance is executing the project with management and implementation support from PDP Australia.
DMTBF is successive to Reform in Budgeting and Expenditure Control (RIBEC) Project and Financial Management Reforms Program (FMRP), implemented as part of Public Financial Management reforms inBangladesh.
Overall Objectives
The overall objectives of the project are to strengthen and modernize core institutions of budgeting within the government with a particular emphasis on introducing a performance orientation in Public Financial Management.
Specific Objectives
1. Modernize long term strategic planning and policy development
2. Institutionalize and deepen the MTBF approach in budget planning
3. Improve budget classification for more effective budget management
4. Formulate debt strategy and modernize retail debt.
5. Provide adequate regulatory support to reforms including establishment of a Public Finance Act and revise the General Financial Rules, Treasury Rules and Accounts Code.
6. Modernize and streamline payroll, pensions, general provident fund, loans & advances, and assets.
7. Strengthen the financial and performance management capacity within line ministries in order to establish greater accountability for utilization of resources and service delivery.
8. Improve the linkages between procurement planning and budgeting
9. Consolidate iBAS towards a modern integrated budget and accounting system
10. Develop and maintain in house capacity through Financial System Management Unit (FSMU) for providing support on technology and applications system, during and after life of the project.
11. Put in place the policies, processes and skills to manage and deliver a comprehensive training and development program in support of the Financial Management Reform Program (FMRP)
Key deliverables of DMTBF
— Capacity development for macro-fiscal forecasting, policy & analysis
— Improved public debt management process
— Quality MTBF-related documents
— Improved IT solutions and infrastructure for PFM
— Improved Budget submissions appraisal techniques, including production of a manual
— Preparation of a Budget Monitoring Manual
— New processes for budget preparation, implementation and monitoring
— Introduction of a program classification structure
— Skilled human resources and customized training schemes for initiating and implementing reforms in PFM process
— Development and implementation of an internal audit strategy
http://www.mof.gov.bd/dmtbf
http://www.mof.gov.bd/dmtbf/index.php/project-team
Deepening and Strengthening of existing Public Financial Management (PFM) reforms and initiation of new reforms to promote efficiency, accountability and transparency in PFM in Bangladesh. This is intended to promote better public service for enhanced quality of life and also to create a more aware pool of Bangladeshi citizens who take ownership of PFM and can sensitize a demand for better PFM on behalf of the Government.
Strong, transparent and accountable public financial institutions, improved public service delivery and a pool of citizens who are aware of their stake in public financial management (PFM) and can press for better PFM and enhanced service delivery. 