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Government Budget Forecasting: Theory and Practice

Government Budget Forecasting: Theory and Practice

Hardcover

Series: Public Administration and Public Policy, Book 142

Investing & FinanceGeneral Political Science

ISBN10: 1420045822
ISBN13: 9781420045826
Publisher: Routledge
Published: Mar 26 2008
Pages: 660
Weight: 2.25
Height: 1.47 Width: 7.32 Depth: 8.70
Language: English
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.

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General Political Science