Sustainable Resource Mobilization
The aim is to improve domestic revenue mobilization to be able to finance the fiscal deficit and reduce (or eliminate) aid dependence. Nonetheless, in the process of mobilizing domestic revenue, and during a phase that requires major investment in infrastructure, it recognizes the need for borrowing.
Public Investment Management
Strengthened Public Investment Management (PIM) for Increased Development Returns on Public Spending. One of the aims of Public Investment Management is to establish and embed a comprehensive project cycle management approach across Government, focusing initially on selected key sectors.
PLANNING & BUDGETING
Planning & Budget aims to strengthen budgeting and planning at several levels: (i) high-level Sector plans to be of better quality and prioritised in line with national objectives; (ii) multi-year commitments and cost estimates of sector plans are captured in the MTEF and reflect realistic budget projections; (iii) the MTEF itself is more accurate and credible, validated using bottom-up estimates as well as top-down ceilings and any adjustments are explained and transparent; (iv) Annual budgets include accurate costings, information on fiscal risks, impacts and linked to MTEF.