What is the MTBF?

The Medium Term Budget Framework (MTBF) is an approach to budgeting which links the spending
plans of government to its policy objectives. The main feature of a MTBF, compared to MTFF, is that it
recommends expenditure priorities and splits overall fiscal envelope (available resources) by budgetary
units (defines budget unit ceilings) for the medium term. MTBF provides analysis of Government
policies, which results in allocation of funds to where they are most needed and the funds to be
allocated to highest priorities.