This presentation by Irena Valkova, Czech Republic, was made at the 10th Meeting of CESEE Senior Budget Officials held in Den Haag on 26-27 June 2014. Find more information at http://www.oecd.org/gov/budgeting/10thannualmeetingofseniorbudgetofficialsfromcentraleasternandsoutheasterneuropeanceseecountries.htm

1. Managing multi-year allocations for
national development
Irena Valkova
Ministry of Finance
Czech Republic

2. Managing multi-year allocations
for national development
• Resource availability
• Planning
• Performance

3. History – resource availability
2004 - 2013
•Accession to the EU
•Cohesion Policy
•Common Agricultural Policy

4. History – resource availability
2004 - 2013
National resources
• State budget
• Regions
• Municipalities
• Private entities

5. History – resource availability
2004 - 2013
EU resource
•Reimbursement from the EU budget
•75 % 2004-2006
•85 % 2007-2013

6. History – planning
2004 - 2013
•Medium - term expenditure framework
•Medium - term outlook
•State Treasury System
•Budget classification

7. History – planning
2004 – 2013
•Reserve funds
•Entitlements to unused allocations

8. History – performance
2004 - 2013
•Monitoring - from quarterly, monthly basis
to daily basis
•Performance budgeting ????
•Entitlements to unused allocations
•Budget classification

9. Present
Where a problem is
• Budgeting x Performance
• Approved project budgeted
• Delays in real cash flows
• Cumulation of entitlements to unused
allocations

10. Future
• Planning approach change
• Ensure real cash budgeting of EU share
• Cofinancing
• Financial control

11. Thank you for your attention
Irena Valkova
Ministry of Finance
Czech Republic