Course Description
This 5-day course provides an overview of the concepts and techniques used to analyze how fiscal policy can help ensure macroeconomic stability and sustainable long-term growth. This hands-on course is built around the core macro-fiscal topics needed to analyze fiscal policy. The learning units include general empirical findings, Excel-based workshops, case studies, and selected topics of regional interest. The course will be of interest to officials who wish to better understand how fiscal policy can affect the economy and the related tools of analysis.
What Do Participants Learn?
Upon completion of this course, participants should be able to:
- Discuss the role of fiscal policy in attaining such government objectives as macro-stability, equity and efficiency, and sustainable long-term growth.
- Use the tools and techniques acquired to assess the country's fiscal stance, fiscal multipliers, and debt sustainability.
- Review the concepts and best practices that are central to tax and expenditure policy.
Who Should Attend?
Junior to senior officials interested in better understanding of fiscal policy and its macroeconomic implications.
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One:
- Recent macro trends, fiscal challenges and overview of the course
- Public finance and the macroeconomy
Section Two:
- Expenditure policy and domestic resource mobilization
- Fiscal policy and inclusive growth
- Fiscal accounts, fiscal aggregates, and other economic variables
Section Three:
- Fiscal projections
- Fiscal sustainability, debt tolerance, and fiscal space
- Fiscal multipliers
Section Four:
- Measuring the fiscal stance
- Fiscal policy for the crisis and post-crisis period
- Fiscal policy for the crisis and post-crisis period
Section Five:
- Expenditure subsidy reform
- Dealing with volatility
- Expenditure Policy: Investment spending