UID:
edocfu_9958086323502883
Format:
1 online resource (23 p.)
ISBN:
1-4623-1553-4
,
1-4527-1687-0
,
1-282-04227-0
,
1-4519-0579-3
,
9786613797209
Series Statement:
IMF working paper ; WP/05/24
Content:
This paper takes stock of revenue forecasting practices in low-income countries, and provides a comprehensive and condensed account of the revenue forecasting process. Based on a new dataset on 34 low-income countries, it catalogues forecasting practices and procedures from inception until budget submission, focusing primarily on institutional aspects and processes. The paper also synthesizes three key characteristics of forecasting practices, formality, organizational simplicity, and transparency, and empirically explores their determinants. High levels of country corruption are associated with less formal and less transparent forecasts. Past IMF involvement in a country increases the formality of the process, but does not improve public access to information.
Note:
"February 2005."
,
""Contents""; ""I. INTRODUCTION""; ""II. THE DATASET""; ""III. DESCRIPTION OF SURVEY RESULTS""; ""A. Scope and Horizon of Revenue Forecasts""; ""B. The Macroeconomic Forecast: An Effective Input into the Revenue Forecast?""; ""C. Who Does What in the Forecasting Process?""; ""D. How and When Are Revenue Forecasts Done?""; ""E. What Does the Public Know About the Revenue Forecast?""; ""F. Data and Methods""; ""IV. THREE INDICES OF FORECASTING PRACTICES""; ""A. Index of Formality""; ""B. Index of Organizational Simplicity""; ""C. Transparency Index of the Forecasting Process""
,
""D. Determinants of Forecasting Practices""""V. CONCLUSIONS""; ""REFERENCES""
,
English
Additional Edition:
ISBN 1-4518-6043-9
Language:
English
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