Fiscal Diplomacy – A Finance MUN

Event Structure:

1. Team Roles: 3 members – Finance Minister, Economic Affairs Minister, Expenditure Minister.
2. Task: Develop a budget based on provided demographics and tax regimes. 

Judging:

Teams are scored on the accuracy of their budget prediction, strategic planning, and presentation quality, compared to the actual budget of the country.

Rules & Regulations :

• Team Composition:
  • Each team must consist of exactly 3 members, each assigned one of the following roles: Finance Minister, Minister of  Economic Affairs, or Minister of Expenditure.
• Budget Development:
  • Teams are required to create a comprehensive budget for their assigned country using the provided demographic, tax regime, and economic data.
  • Teams may reference external sources to inform their decisions but must use the official data provided as the basis for their budget.

• Presentation:
  • Each team has 5-minutes for their presentation, followed by a 5-minute Q&A with judges.
  • Presentations should cover budget allocations, revenue generation, and fiscal strategies relevant to the assigned country.

• Rules & Regulations :
  • Evaluation Criteria:
    • Accuracy: How closely their proposed budget aligns with the  actual budget released by the country.
    • Fiscal Strategy: Effectiveness of spending allocations and revenue policies.
    • Innovation: Creative and practical solutions for managing economic challenges.
    • Clarity and Teamwork: Quality of presentation and collaboration.

• Conduct and Ethics:
  • All participants are expected to maintain a respectful and professional demeanor.
  • Plagiarism or presenting others’ work as one’s own will result in disqualification.