Government Budget Forecasting : Theory and Practice

Thomas D. Lynch

ISBN 10: 1420045822 / ISBN 13: 9781420045826

Editore: Routledge, 2008

nach der Bestellung gedruckt Neuware - Printed after ordering - Revenue and expenditure forecasting is often overlooked in the budget process. Based on the collaboration of budget scholars and practitioners, this volume examines U.S. forecast practices at the federal, state, and local levels, utilizing case studies of various states, including California and Texas. It highlights such issues as casino tax revenues and welfare caseloads to clearly define budget forecasting, explain its importance, and describe how budget forecasts are prepared. The authors explore consensus systems and risk assessment, considering political factors and the costs of forecast errors, concluding with a call for transparency and a look at forecasting practices in emerging countries. Codice articolo 9781420045826

Riassunto:

Revenue and expenditure forecasting plays an important role in public budgeting and financial management, particularly during times of financial constraint, when citizens impose greater accountability upon government to use taxpayer dollars more efficiently. Despite its significance, revenue and expenditure forecasting is often overlooked in the budget process, and there is an imbalance between practice and research in this area. Based on the collaboration of budget scholars and practitioners, Government Budget Forecasting fulfills two purposes:

1. Enhances the understanding of revenue and expenditure estimation both theoretically and practically
2. Stimulates dialogue and debate among practitioners and academicians to identify good forecast practices as well as areas for improvement

Divided into four parts, this comprehensive reference first examines forecast practices at the federal, state, and local levels, drawing on case studies that include California, Texas, and Louisiana. It then explores consensus systems and risk assessment, considering political factors and the costs of forecast errors. The text concludes with a call to transparency and guidance from a code of ethics, and a look at forecasting practices in emerging countries.

Informazioni sull'autore: Jinping Sun (California State University, Bakersfield, USA) (Edited by) ,  Thomas D. Lynch (Louisiana State University, Baton Rouge, USA) (Edited by)

Dati bibliografici

Titolo: Government Budget Forecasting : Theory and ...
Casa editrice: Routledge
Data di pubblicazione: 2008
Legatura: Buch
Condizione: Neu