GTAC Common reasons why submissions fail to meet BFI Appraisal requirements
Year
2023
Year Revised
—
Source
South Africa GTAC
Pages
8
The Government Technical Advisory Centre (GTAC), housed within National Treasury, publishes supplementary appraisal requirements that elaborate on the technical standards expected when submitting to the BFI. These documents address common weaknesses in submissions, including inadequate CBA methodology, unsupported cash flow assumptions, and missing sensitivity analyses. This publication explains the common reasons why submissions fail to meet Budget Facility for Infrastructure (BFI) Appraisal requirements. The BFI is a reform to the budget process that seeks to support the execution of national priority projects and programmes by establishing specialised structures, procedures, and criteria for committing fiscal resources to public infrastructure interventions. Its aim is to support quality public investments through effective project and programme development, robust appraisals, sustainable financing and appropriate procurement arrangements, and credible execution.
Recommendation
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[Country] [Agency] [Year] [Name] [Language: Original Language (OL) or English (ENG)]
Serbia Cabinet 2023 O KAPITALNIM PROJEKTIMA Decree on Public Investment Management No 23 (OL)
Serbia Cabinet 2023 Decree on Public Investment Management No 23 (ENG)
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