The MTEF and the OPIF represent substantial progress in ensuring the consistency and responsiveness of the expenditure program with the national development agenda of the government. Despite these, there is still a need to guarantee that only those infrastructure programs and projects that will generate genuine economic benefits and are consistent with established development plans will be adequately funded for timely implementation.
By synchronizing the prioritization of programs and projects on one hand and allocating appropriate funding across government agencies on the other, the government ensures that only programs and projects that are strategic and critical to the realization of developmental goals shall be prioritized for funding. As a prior step, however, government agencies must demonstrate that proposed projects indeed make positive net contributions to national economic and social welfare.