systems identify and formulate appropriate projects and programmes and execute

Systems identify and formulate appropriate projects

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systems, identify and formulate appropriate projects and programmes and execute them efficiently and effectively. Further, success also depends on our ability to measure perfor- mance so as to provide the evidence needed to gauge our prog- ress. Strengthening our planning and implementation systems in these areas will provide the enablers to ensure that we achieve the goals set out in the NDS.
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Improving the Effectiveness of the National Budgetary and Planning Systems RE-ORIENTING THE BUDGET SYSTEM Improving the effectiveness of public spending is a critical suc- cess factor as it is necessary to achieve greater efficiencies in terms of time and particularly given limited resources. To this end the current budgetary system will be re-oriented from its current line item format to a results-based budgeting system and institu- tionalising more modern processes and systems, including ICT, is essential to achieve value for money. Integral to this effort is the Public Financial Management Reform Strategy which was dis- cussed earlier in Chapter 5 in relation to fiscal transparency. ESTABLISHING A MEDIUM TERM EXPENDITURE FRAME- WORK Achieving long term development goals, in most instances, is a multi-year endeavour and it is imperative that financing is made available over time to ensure the continuation of projects/pro- grammes until completion. In this regard, a Medium-Term Expen- diture Framework (MTEF) must be developed in order to facilitate alignment of the NDS to the budget. The MTEF process entails two main objectives: the first aims at setting fiscal targets, the second aims at allocating resources to strategic priorities within these targets. To this end, MTEF will be prepared to ensure that development planning is grounded in a macro-fiscal framework which will allow for continuity in the implementation of strate- gic priorities. Further, the MTEF will guide the preparation of the three-year PSIP. SETTING PRIORITIES AND THE PSIP The PSIP, which constitutes the capital expenditure component of the National Budget, is intended to be the mechanism through which development policies and plans can be turned into tan- gible outcomes through well-defined projects/programmes. A well-functioning PSIP framework should, therefore, match capi- tal investment to national priorities, and achieve these priorities by selecting a set of viable projects for funding and implementa- tion. It would also allow for monitoring the implementation of the capital programmes and include mechanisms for holding Minis- tries, Departments and other executing agencies accountable for 115-116 V I S I O N 2 0 3 0 N AT I O N A L D E V E L O P M E N T S T R AT E GY 2 0 1 6 - 2 0 3 0 Implementation and Results P H O T O : K E E G A N C A L L E N D E R
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project implementation. Conceptually, the PSIP should comprise investment projects which are transformational in nature and is reflective of the country’s development objectives and priorities as articulated in its national development plans.
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