SECTION 373

(1) Each year, the deliberative organ of the local authority shall establish a medium-term budget framework defining, based on realistic economic assumptions, the trends over a minimum period of 3 (three) years, in: • all expenditure and revenue of the local authority and its public establishments, including funding from the State, national and international donors, decentralized cooperation and all other partners; • the financing need or capacity of the local authority and its public establishments; • the financing components, as well as the overall level of financial debt of the local authority and its public establishments. (2) On the basis of this medium-term budget framework and within the limits it sets, the deliberative organ of the local authority shall establish the medium-term expenditure framework (MTEF), breaking down the main categories of local public expenditure over a minimum period of 3 (three) years. (3) The medium-term expenditure framework referred to under Sub-section 2 above shall be established taking into account the development plan of the local authority concerned, adopted beforehand by the déliberative organ. (4) These medium-term framework documents shall be made public by all means.