Evaluation of Revenue Forecast Accuracy of Multi-Year Financial Forecast in Poviat Self-Government Units
Journal Title: Zarządzanie i Finanse - Year 2015, Vol 13, Issue 4
Abstract
In recent years local authorities try to go beyond one year budgeting and capital expenditure planning for a longer-term focus. These demands are met by multi-year financial forecast which was introduced by the new Public Finance Act as a new planning tool in local government units. The purpose of the article is to describe main factors which determine effective transformation of multiannual financial forecast to the tasks realized in a current financial year. The considerations given to this issue, based on theoretical considerations on the role of the multi-year financial forecast in financial planning in local self-governments units, focus mainly on the analysis using statistical methods to evaluate revenue forecasts accuracy of poviat self-government units in Poland.
Authors and Affiliations
Tomasz Kopyściański
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