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The glossary in this Portal provides definitions of core terms closely related to the medium-term expenditure framework; and links to other online glossaries.

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Output budgeting

Process linking budgetary appropriations to specific outputs, more or less detailed, depending on administrative capacity and the sector in question. Permits explicit contracts between the political leadership (as “principal”) and the public managers (as “agents”). When highly aggregated, output budgeting becomes similar to “performance budgeting/programme budgeting”. When detailed, contracting is more feasible, but the administrative and other costs of the system can be very high and may result in a loss of financial control and lower quality of services.