The objective of this course is to equip participants with the essential knowledge and skills to understand and apply the fiscal policy principles and methods to real-world situations. By the end of the course, participants will be able to:

• Explain the role and functions of fiscal policy in a modern economy
• Apply the basic models and frameworks of fiscal policy analysis
• Assess the fiscal stance, sustainability, and performance of a government
• Evaluate the effects of fiscal policy on economic activity, income distribution, and public debt
• Discuss the current issues and challenges facing fiscal policy in a globalized and uncertain environment

This course is designed for professionals who are interested in learning about fiscal policy, its applications and implications. It is suitable for those who work in or interact with the public sector, such as policymakers, regulators, consultants, analysts, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.

By taking this course, participants will benefit from:

• Gaining a comprehensive and up-to-date understanding of fiscal policy
• Developing analytical and practical skills to deal with fiscal matters
• Enhancing their professional competence and confidence in the public sector
• Expanding their network and learning from peers and experts in the field

Day One:

Introduction to Fiscal Policy

• What is fiscal policy and why does it matter?
• What are the main objectives and instruments of fiscal policy?
• What are the key concepts and principles of fiscal policy?
• What are the main sources of data and information on fiscal policy?

Day Two:

Fiscal Policy Analysis

• What are the main models and frameworks of fiscal policy analysis?
• How do we measure the fiscal stance, balance, deficit, and debt?
• How do we assess the sustainability and solvency of a government?
• How do we evaluate the performance and efficiency of a government?

Day Three:

Fiscal Policy and Macroeconomic Stability

• How does fiscal policy affect aggregate demand and supply?
• How does fiscal policy interact with monetary policy?
• How does fiscal policy respond to economic shocks and cycles?
• How does fiscal policy affect inflation, interest rates, and exchange rates?

Day Four:

Fiscal Policy and Economic Growth

• How does fiscal policy affect long-term growth potential?
• How does fiscal policy affect human capital, physical capital, and technology?
• How does fiscal policy affect productivity, competitiveness, and innovation?
• How does fiscal policy affect trade balance, capital flows, and external debt?

Day Five:

Fiscal Policy and Income Distribution

• How does fiscal policy affect income distribution and inequality?
• How does fiscal policy affect poverty reduction and social protection?
• How does fiscal policy affect taxation and public spending?
• How does fiscal policy affect redistribution and welfare?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.