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  • 标题:THE ACCURACY OF GENERAL GOVERNMENT BALANCE FORECASTS IN ROMANIA
  • 本地全文:下载
  • 作者:Mihaela SIMIONESCU
  • 期刊名称:CES Working Papers
  • 电子版ISSN:2067-7693
  • 出版年度:2015
  • 卷号:7
  • 期号:1
  • 出版社:University of Iasi
  • 摘要:Economic forecasts are an essential building block for a budgetary anticipation in order todetermine the budgetary objectives and to sustain the tax and expenditure plans. In Romania the surveillanceprocess is ensured by the use of budget programs. The aim of this paper is to improve the budgetary planningby recommending the use of the forecasted general budget balance provided by the institution with the highestaccuracy during the crisis (2008-2013). More types of projections were analyzed during the recent economiccrisis and the IMF forecasts for this indicator outperformed those provided by Dobrescu model and theEuropean Union. Therefore, the recommendation is related to the use of IMF predictions in establishing thenext budgetary plan for 2014 and 2015. Moreover, this research also brings improvements in themethodological framework, by proposing some aggregated accuracy indicators (S1, S2, S3 and S measures)for solving the problem of contradictory results of different accuracy indicators
  • 关键词:general government balance; budget deficit; forecasts; accuracy
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