1. Public Planning and budget System PES (Annual plan) + OE (Annual State budget) Government Program (PQG - 5 years) Government Program (PQG - 5 years) Sector strategies & MDG´s Sector strategies & MDG´s AGENDA 2025 PARPA (PRSP) + CFMP ( Medium Term Fiscal Framework)

2. The planning cycle and budget: Key Dates Datas Chave (MPD/MF) Jan.Elaboration of the BdPES Fev.Publication of the BdPES Mar.Analyse CGE (n-2) by Parliament Preparation for the joint review Abr.Joint GoM and Programme aid partners review MaioCGE(n-1) produced and submitted to TA Jun.Budget ceilings to the sectors Jul.BdPES Semester/Publication of the semi annual execution report Ago.Elaboration of the PES/OE (n+1) BdPES 1º Semester Preparation semi annual review Set.Submission PES/OE to the Counsel of Ministers and Parliament Semi annual review Out.Start up of the CFPM process till May Nov. Dec.CGE (n-1) to the Counsel of Ministers and Parliament PES/OEThe programatic approach

3. The Planning and Budget cycle: MPD/MF 31 May Budget ceiling sectores CGE (n-1) ao TA 31 July Receive of the PES/OE of the sectors 15 September Submission PES/OE CoM 15 December CGE(n-1) Parliament 28-30 April (2008*) Completion of the Joint Review 15 February BdPES Parliament 18-31 March (2008*) IMF Mission March - April Preparation Joint Review Analyses CGE (n-2) at Parliament April – May Completion of CFMP Jan – Fev Harmonization and globalization of BdPES Aug -Sept - Harmonization and globalization of PES/OE. -Preparation/ finalization of mid year review -BdPES 1º half year 30 September Submission PES/OE to Parliament July Harmonization and Globalization of the BdPES semestral * The exact date may vary according to the year Oct – May Elaboration of the CFMP

4. Planning and Budget Cycle: Sectors, Provinces, Districts, Municipalities 31 May Receive budget ceiling from MPD 31 July PES/OE proposals Send to MF/MPD 28-30 April (2008*) Completion of the joint review March - April Preparation of the submissions for the joint review Jan Elaboration of the BdPES Jun-Jul Elaboration of the PES / OE sector and provincial proposals Aug - Preparation mid term review - Elaboration of the BdPES 1º half year Fev – March Sector revisions (different sectores) * The exact date may vary according to the year Oct – March Elaboration of CFMP