Fiscal Planning, Budgeting, and Rebudgeting Using Revenue Semaphores.

Revenue forecasts play an important role in the state government budget and policy process. These forecasts are generally reported to executive and legislative leaders as point estimates, with no acknowledgment of their corresponding risk and uncertainty. The revenue semaphores proposed in this arti...

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Publicado en:Public Administration Review Vol. 64; no. 2; pp. 164 - 180
Autores principales: Cornia, Gary C., Nelson, Ray D., Wilko, Andrea
Formato: Artículo
Publicado: Wiley-Blackwell Mar2004
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Fiscal Planning, Budgeting, and Rebudgeting Using Revenue Semaphores.
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          Cornia, Gary C.
          Nelson, Ray D.
          Wilko, Andrea
      su:
        Economic forecasting
        Decision making in public administration
        Decision making
        Fiscal policy
        Budget
      sug:
        subj:
          Economic forecasting
          Decision making in public administration
          Decision making
          Fiscal policy
          Budget
      ab: Revenue forecasts play an important role in the state government budget and policy process. These forecasts are generally reported to executive and legislative leaders as point estimates, with no acknowledgment of their corresponding risk and uncertainty. The revenue semaphores proposed in this article outline procedures by which revenue uncertainty directly influences the planning process. The goal is not to make forecasts more accurate, but to make discussions of budget and revenue alternatives more comprehensive. Explicitly incorporating risk and uncertainty measures into the budgeting process increases the degree of real-time budgeting and reduces some adverse effects of budget revisions after the fiscal year begins. The discussion occurs in the context of budget control, management, and policy making. Reprinted by permission of the publisher.
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    language: English
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