MTFP 2016 – 2019
Launch date: 10/03/2015
Review status: Report published
What is the review about?
This phase of the review will focus on financial, economic and growth forecasts, design and implementation and expenditure proposals.
Terms of reference
Financial, economic and growth forecasts:
• To consider the economic context of the MTFP, including growth forecasts and the economic impact of the MTFP’s expenditure proposals
• To examine how income is forecast and the levels of income against expenditure
• To examine the assumptions made for the economic forecasts
• To look at the impact of the financial and economic forecasts in MTFP 2016-19 on the Stabilisation Fund
Design and implementation of the MTFP, 2016-2019:
• To consider what allowance is made for the possible structural deficit in 2018 and beyond the period of the MTFP
• To look at contingencies; their use, and how they are allocated
• To consider, in the light of the 2013-2015 MTFP how the treatment of contingencies, or any other areas of non-routine proposals have evolved in respect of the MTFP 2016-2019
• To identify the variances from budget of the MTFP 2013-2015 and any lessons learnt therefrom and to consider any effect upon the MTFP 2016-2019
Expenditure proposals within the MTFP:
• To look at how spending will be prioritised
• To look at how spending will be funded
• To clarify how States expenditure has materially evolved
• To look at individual departmental budget areas and their feasibility based on future spending
• To investigate the link between the spending proposals in the MTFP 2016-19 and the requirements of the Long Term Revenue Programme
• To look at the deliverability of capital projects
