Dimension 15.1. Timing, coverage and data requirements
Time period | Coverage | Data requirements/calculation | Data sources |
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Last three completed fiscal years | CG. |
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Dimension 15.2. Fiscal strategy adoption
DIMENSION MEASUREMENT GUIDANCE
15.2:1. This dimension assesses the extent to which government prepares a fiscal strategy that sets out fiscal objectives for at least the budget year and the two following fiscal years. A well-formulated fiscal strategy includes numerical objectives, targets or policy parameters (such as the level of fiscal balance), aggregate central government expenditures or revenues, and changes in the stock of financial assets and liabilities.
15.2:2. A fiscal strategy may be presented as a formal statement or plan, specified as targets within the annual budget documentation, or as fiscal rules established through legislation.
15.2:3. If fiscal rules are established in legislation they are considered to be current, regardless of when they were introduced, as long as they are taken into consideration by government and the legislature. If the rules are ignored when setting fiscal policy and budgets, it is not reasonable to treat them as reflecting current fiscal strategy.
15.2:4. Where a fiscal strategy is not produced, or the fiscal strategy does not cover the whole of central government, then this dimension should be rated D
Dimension 15.2. Scoring
Score | Minimum requirements for scores |
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A | The government has adopted, submitted to the legislature, and published a current fiscal strategy that includes explicit time-based quantitative fiscal goals and targets together with qualitative objectives for at least the budget year and the following two fiscal years. |
B | The government has adopted and submitted to the legislature a current fiscal strategy that includes quantitative or qualitative fiscal objectives for at least the budget year and the following two fiscal years. |
C | The government has prepared for its internal use a current fiscal strategy that includes qualitative objectives for fiscal policy. |
D | Performance is less than required for a C score. |
Dimension 15.2. Timing, coverage and data requirements
Time period | Coverage | Data requirements/calculation | Data sources |
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Last completed fiscal year. | CG. |
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Pillar Four: Policy Based Fiscal Strategy and Budgeting