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Books > Social sciences > Politics & government > Central government > Central government policies
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Forecasting Government Budgets - Methods and Applications (Hardcover)
Loot Price: R3,079
Discovery Miles 30 790
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Forecasting Government Budgets - Methods and Applications (Hardcover)
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A budget is the nerve center of a government and forecasting is
integral to budgeting. For a government to be able to carry out its
everyday operations in a planned and organized manner, it has to
have a sound knowledge of future revenues and expenditures, i.e.,
its budget. Forecasting provides that knowledge by producing
estimates of revenues and expenditures, based on past and current
information, to indicate whether the government will have
sufficient revenue to effectively carry out its routine and
non-routine operations. This notion of forecasting is more
appropriate at the sub-national level, where the state and local
governments are required by law to balance their budget, especially
the operating budget. And without good and reliable forecasts, it
will be difficult to determine the measures that will be necessary
to balance the budget or ensure conformity between revenues and
expenditures. Written in a simple and easy to understand manner,
the book presents a number of well-established methods, simple as
well as advanced, including some recent developments in budget
forecasting. Although written primarily for graduate students in
public administration and government practitioners, students from
other disciplines will also find it useful.
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