This VC workshop is taking place to examine a new topic of interest for BCOP members: budgeting for baseline expenditures. This topic was given top priority by the BCOP members and complements the core areas of budgeting covered by the two working groups. Spending baselines are fundamental to making credible projections of medium-term budgets and to conducting robust spending reviews. Experts from the International Monetary Fund (IMF), Ministry of Finance of France, and Ministry of Finance of Slovak Republic will deliver presentations in this workshop. In addition, BCOP members will discuss whether there is interest within BCOP to continue discussions in this area, and on what specific topics.
The key objectives of this VC workshop are:
- to examine the new research and technical guidance of the IMF and France on preparing expenditure baselines, both for recurrent and capital expenditure;
- to examine the experience of the Slovak Republic in estimating baselines; and
- to gather feedback from BCOP member countries on their interest to continue discussions