Finance Division, Ministry of Finance

In FY 2011-12, all Ministries/Divisions and other institutions have been brought under the coverage of Medium Term Budget Framework (MTBF). MTBF is a tool for linking policy, planning and budgeting over a medium term (5 years) at the Government wide level. The first step of the MTBF process is updating the Medium Term Macroeconomic Framework (MTMF). MTMF for FY 2012-13 to FY 2016-17 has already been updated and the preliminary indicative revenue target and expenditure ceiling has been fixed for the line Ministries and Divisions. Budget Circular-1 (BC-1), that includes preliminary indicative revenue and expenditure ceiling has been issued and made available at this website.

Under the strategic phase of MTBF process, each line Ministry/Division has to modify/update its own Ministry Budget Framework (MBF). This process has also been started with the issuance of BC-1. In preparing the MBF for FY 2012-13 to FY 2016-17 concerned Ministries/Divisions will lay down their medium-term strategy and expenditure plan.

The preparation of Revised Budget for the FY 2011-12 is underway with the issuance of Revised Budget Circular. The line Ministries/Divisions have been requested to send revised estimates to the Finance Division within 31st December, 2011.