Medium term fiscal planning is known to be an effective tool to foster better budget management and fiscal discipline. In an article published in ‘Aarthika Charche’ (a Journal of Economics & Governance published by the Fiscal Policy Institute, Bengaluru), Ashok Rao shares his experience of preparing MTFP (Medium-Term Fiscal Plan) for Shivamogga city Corporation – a medium sized Municipal Corporation in Karnataka, India.
MaGC worked alongside Janaagraha in preparing the pilot MTFP.
The journal can be accessed here: http://fpibangalore.gov.in/docs/FPI%203-1-20.pdf
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