FEATURES OF FORECASTING OF LOCAL BUDGETS IN THE UNITED STATES OF AMERICA
Journal Title: Вісник соціально-економічних досліджень - Year 2015, Vol 2, Issue 57
Abstract
The article provides a short overview of methodological, organizational and legal aspects of tax revenue forecasting in the federal entities of the United States. On the example of Indiana State the organizational structure of the tax forecasting and planning in the system of budget management of the country is represented. The characteristic of executive bodies, involved in the preparation of tax revenue forecast of the state is given. Obtained results had shown that in the process of tax revenues forecasting many methods were used, which differed greatly by the level of complexity. This level defines in detail how the models can reproduce the dependence of future tax revenues from a variety of changes in the tax system. It was found that the accuracy of the forecast can be significantly improved by combining several separate methods what makes it possible to increase the reliability of the forecasts by reducing the prediction error and a more efficient usage of the available information.
Authors and Affiliations
Marina Dedusheva
Keywords
Related Articles
- EP ID EP174105
- DOI -
- Views 107
- Downloads 0
THE EFFECTIVE USE EVALUATION OF ENTERPRISES INTANGIBLE RESOURCES
The article considers the methodological framework for assessing the effectiveness of intangible resources of the enterprise. It was shown that the development level of intangible resources of the enterprise has a direct...
Implications of behavior evolution of Ukrainian internet consumers for integrated marketing communications
The article considers the evolution of Ukrainian Internet users behaviour. Specifically, the changes in the characteristics of the internet users and their online shopping behaviours are tracked over the past several yea...
Mechanisms and perspectives of tourist clusters functioning in Odessa region
The article defines the role of the clustering process as an innovative form of integrated development of the tourist sphere. The state of the regulatory framework in the tourist sphere and clusterization process develop...
Digital transformation of marketing banking innovations in the conditions of financial instability
The directions of special marketing tools using for ensure the banking business financial stability and the banks innovative activities orient not only to their opportunities, but also on the market needs, are formulated...
GLOBAL COORDINATION IMPERATIVES OF FISCAL POLICY IN THE EU
The article analyzes the evolution of the institutional model of fiscal rules in monetary union. A questions of hierarchical controls of fiscal systems and the evolution of fiscal policy are investigated. The features of...