Government Budget Forecasting : Theory and Practice
Book Details
Format
Hardback or Cased Book
Book Series
Public Administration and Public Policy
ISBN-10
1420045822
ISBN-13
9781420045826
Publisher
Taylor & Francis Ltd
Imprint
Auerbach
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 26th, 2008
Print length
660 Pages
Weight
1,142 grams
Dimensions
16.40 x 24.40 x 4.60 cms
Product Classification:
Public finance
Ksh 26,100.00
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Examines US forecast practices at the federal, state, and local levels, utilizing case studies of states that include California and Texas. This book highlights such issues as casino tax revenues and welfare caseloads to define budget forecasting, explain its importance, and describe how budget forecasts are prepared.
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: 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.
- Enhances the understanding of revenue and expenditure estimation both theoretically and practically
- Stimulates dialogue and debate among practitioners and academicians to identify good forecast practices as well as areas for improvement
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