Dimension 14.2. Timing, coverage and data requirements
Time period | Coverage | Data requirements/calculation | Data sources |
---|---|---|---|
Last three completed fiscal years. | CG. |
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Dimension 14.3. Macrofiscal sensitivity analysis
DIMENSION MEASUREMENT GUIDANCE
14.3:1. This dimension assesses the capacity of governments to develop and publish alternative fiscal scenarios based on plausible unexpected changes in macroeconomic conditions or other external risk factors that have a potential impact on revenue, expenditure, and debt. Such analyses would typically involve an analysis of debt sustainability.
14.3:2. The fiscal forecast scenarios should present fiscal projections and underlying assumptions in
the same format as the approved fiscal forecasts. Scenarios should be based on potential changes to macroeconomic forecasts (e.g., pessimistic or optimistic scenarios) as a result of external risks or other factors (e.g., impact of changes in global growth, commodity prices, exchange rates, etc.). They should be prepared at the same time as the baseline scenario used for fiscal and budget policy processes and reports.
14.3:3. If there are no macroeconomic forecasts, PI14.1 would be rated D and PI-14.3 as well.
Dimension 14.3. Scoring
Scorev | Minimum requirements for scores |
---|---|
A | The government prepares a range of fiscal forecast scenarios based on alternative macroeconomic assumptions, and these scenarios are published, together with its central forecast |
B | The government prepares for internal use—a range of fiscal forecast scenarios based on alternative macroeconomic assumptions. The budget documents include discussion of forecast sensitivities. |
C | The macrofiscal forecasts prepared by the government include a qualitative assessment of the impact of alternative macroeconomic assumptions. |
D | Performance is less than required for a C score. |
Dimension 14.3. Timing, coverage and data requirements
Time period | Coverage | Data requirements/calculation | Data sources |
---|---|---|---|
Last three completed fiscal years | CG. |
|
|
Pillar Four: Policy Based Fiscal Strategy and Budgeting