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Government budget forecasting : theory and practice
Title
Government budget forecasting : theory and practice / edited by Jinping Sun, Thomas D. Lynch.
ISBN
1420045830
9781420045833
9781420045826
Published
Boca Raton : CRC Press, ©2008.
Physical Description
1 online resource (xix, 639 pages) : illustrations.
Local Notes
Access is available to the Yale community.
Access and use
Access restricted by licensing agreement.
Summary
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: 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 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.
Variant and related titles
Taylor & Francis. EBA 2024-2025.
Format
Books / Online
Language
English
Added to Catalog
September 26, 2024
Series
Public administration and public policy ; 142
Bibliography
Includes bibliographical references and index.
Contents
Front cover
Contents
Acknowledgments
Editors
Contributors
Chapter 1. Government Budget Forecasting: Improving the State of the Art
PART 1: FORECAST PRACTICES
Chapter 2. Federal Revenue Forecasting
Chapter 3. The State of the Art: Revenue Forecasting in U.S. State Governments
Chapter 4. Forecasting State Revenues in Louisiana: From Dramatic Changes in the Oil and Gas Industry in the 1970s and 1980s to the Aftermath of Catastrophic Hurricanes in the 2000s
Chapter 5. Budget Forecasting for the State of California*
Chapter 6. Forecasting the Personal Income Tax
Chapter 7. Income Tax Forecasting in Minnesota
Chapter 8. Methods and Issues in Forecasting Casino Tax Revenue
Chapter 9. Estimating and Forecasting Welfare Caseloads
Chapter 10. Forecast Evaluation: A Case Study
Chapter 11. Using Census Data to Forecast New Local Sales Taxes
Chapter 12. Does Revenue Forecasting Responsibility Matter
The Case of Milwaukee, Wisconsin
Chapter 13. Evaluating Revenue Forcasting in City Governments: A Survey of Texas Finance Directors
Chapter 14. Pro Forma Forecasting for Determining the Financial Position of Enterprise Operations in Government
Chapter 15. Prepairing Data for Forecasting
PART 2: CONSENSUS FORECASTING
Chapter 16. Consensus Forecasting for Budgeting in Theory and Practice
Chapter 17. Use of Consensus Revenue Forecasting in U.S. State Governments
Chapter 18. State Revenue Forecasting in the State of Indiana: A Consensus System in a Politically Divided State
Chapter 19. Consensus Revenue Estimating in State Government: A Case of What Works in Kansas
PART 3: UNCERTAINTY AND RISK ASSESSMENT IN BUDGET FORECASTING
Chapter 20. Forecast Errors: Balancing the Risk and Costs of Being Wrong.
Chapter 21. State Fiscal Management: What Practitioners Can Learn from Risk Management Theory
Chapter 22. State Tax Portfolios: An Integrate Methodology for Forecating and Analysis
PART 4: OTHER TOPICS IN BUDGET FORECASTING
Chapter 23. Forecasting Revenues and Expenditures in the Public Sector: Guidance from a Code of Ethics
Chapter 24. Transparency in Government Revenue Forecasting
Chapter 25. Incorporating Fiscal Architecture into Budget Forecasting
Chapter 26. Forecasting Practices in Emerging Countries: The Morocco Experience
Index
Back cover.
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