Report on Medium-Term Budgetary Frameworks

The aim of this paper ─ prepared by an ad-hoc Working Group on Medium-Term Budgetary Frameworks (MTBF-WG) set up by the Network of EU IFIs ─ is to contribute to the discussion on MTBFs and, in particular, on how they should interact with domestic and EU medium-term fiscal frameworks (MTFFs) to maximise the benefits stemming from them. In particular, the paper aims to contribute to the clarification of concepts and identification of arrangements shaping an effective MTBF, also to better compare experiences across countries.