Macro-projections underlying the budget

Teodora Cardoso

No 01/2012, CFP Notebook from Portuguese Public Finance Council

Abstract: The need to restore public confidence in official economic and fiscal forecasts has led several countries either to subject official projections to oversight by an independent fiscal institution or, alternatively, to delegate this function to such an institution. In order to understand the exact meaning of such oversight or delegation we need to clarify the nature of macro-fiscal projections and their role in the budget process. This note aims at providing such an explanation, in the light of international trends in this area.

Keywords: macro-fiscal projections; fiscal framework; fiscal councils (search for similar items in EconPapers)
JEL-codes: E62 E66 H60 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2012-11
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Persistent link: https://EconPapers.repec.org/RePEc:alf:cfpnbk:2012-01

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