medium-term financial strategy

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Medium-Term Financial Strategy

A financial strategy with a term longer than the short term but shorter than the long term. The exact length varies according to the usage; it could be a few weeks or a few years. In general, however, a medium-term financial strategy outlines investment and other financial goals for any time between roughly six months and one year.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

medium-term financial strategy (MTFS)

a monetarist strategy (see MONETARISM) employed by the UK government to control the economy from 1980 down to the early 1990s. The MTFS set out a target range for the growth of the MONEY SUPPLY and target values for the PUBLIC-SECTOR BORROWING REQUIREMENT, expressed as a percentage of GROSS DOMESTIC PRODUCT. The purpose of the medium-term financial strategy was to provide a known firm base for the operation of government MONETARY POLICY, to assist in the control of public expenditure and to influence the public's expectations about future rates of INFLATION. See alsoMACROECONOMIC POLICY, MONEY SUPPLY/SPENDING LINKAGES.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
In last year's medium term financial strategy, the council had predicted an increase in council tax of 4.5% for 2019-20.
"Following this, a new objective for the medium term budget has been drafted - based on a four-year medium term financial strategy involving a continued budget freeze for this year, an increase in contributions next year, and a freeze in budget for the next two years combined with a reduction in services.
He said: "The vast majority of our reserves are already committed within the medium term financial strategy such as to meet redundancy costs from the VR/ER (voluntary redundancy and early retirement) programme.
The council's Medium Term Financial Strategy report for 2013/14 to 2015/16 warns that the council will need to make some tough spending decisions in order to meet future financial challenges.
The council's medium term financial strategy says that, to bridge the gap, household waste collection services could become less frequent.
He added that the council's Medium Term Financial Strategy seemed to focus too much on 'what could not be done, rather than what could be.'.
Recommendations to abolish the rate of timeand-a-third paid for overtime and replace it with a standard hourly payment were not taken up, according to the medium term financial strategy published by South Wales Police in 2012.
At its meeting on Monday, cabinet will discuss a report on the council's medium term financial strategy, outlining changes to the way in which local authorities are likely to be funded in the future and the likely implications of those changes.

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