 Revenue ForecastingGraham Glenday Chapter 20 in The International Handbook of Public Financial Management, 2013, pp 435-452 from Palgrave Macmillan Abstract: Abstract Revenue forecasting is key to successful budgeting in the public sector. Just as demand analysis and forecasting in the private sector is of critical importance because sales sustain the financial health of business, adequate and predictable tax and non-tax revenues underpin the financial sustainability and stability of government. The importance of revenue forecasting in public budgeting has increased with governments shifting from annual cash-based budgets to mediumterm budgeting as fiscal policy design and implementation have paid more attention to medium-term constraints and the importance of budgeting for multiyear financial commitments (e.g., to subnational governments in the context of fiscal decentralization and to private sector partners for infrastructure development and public service delivery) has been increasingly recognized. Added emphasis on the sophistication of revenue forecasting has also come from governments moving to account for tax expenditures and to budget for them over the medium term. Keywords: Gross Domestic Product; Real Gross Domestic Product; Microsimulation Model; Revenue Collection; Revenue Forecast (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31530-4_21 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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