Vidoe Session 03 on the defintion of fiscal space, is available at
http://www.youtube.com/user/napodano?feature=mhee#p/c/51C9BA2BAB0F6227/2/1HiCBv6fSaM -----------
Fiscal space is the process of freeing pubic resources from lower to higher policy priorities. This process occurs during spending reviews, on a periodic basis, linked to the rolling exercise of MTEF.
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The chart presented in the video is part of an IMF Report on Italian budget process. The report is attached below. An interesting section on best practice for program budgeting is to be found on pages 16-31.
