Long-term Budget Projections in U.S. Federal Agencies

Galina Ya. Shakhova () and Pavel L. Manenok ()
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Galina Ya. Shakhova: Financial Research Institute, Moscow 127006, Russia
Pavel L. Manenok: Financial Research Institute, Moscow 127006, Russia

Finansovyj žhurnal — Financial Journal, 2014, issue 3, 121-133

Abstract: The article analyzes the practice of long-term budget forecasting of federal government agencies in the United States. In this analysis we examine the characteristics of this practice: economic-mathematical modeling of budgetary parameters over the long term, analysis of the calculated trajectories for long-term sustainability, sensitivity analysis of the results to changes in macroeconomic exogenous parameters. Specific attention is paid to drawing up long-term budget projections on the basis of national accounts system.

Keywords: long-term budget projections; economic-mathematical models; long-run sustainability; fiscal gap; national accounts system; budget balance; federal debt/ sensitivity analysis (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:140313:p:121-133

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