Macro-Fiscal Framework – Analysis and Forecasting
Target Audience
Bhutanese officials from ministries of finance and economic affairs as wells as from the central bank who advise on or help implement macroeconomic and fiscal policies. This customized training workshop will be targeted at a cohort of junior officials with the objective to further build their capacity towards macro-fiscal analysis and forecasting.
Qualifications
Participants are expected to have a degree in economics or equivalent experience, and be proficient in the use of spreadsheets.
Course Description
This customized training workshop, presented by SARTTAC will include a broader understanding of the macroeconomic dimensions of fiscal policy issues and a deeper understanding on fiscal issues and the macroeconomic effects of fiscal policy (beyond FPP). The focus will be on fiscal accounts and analysis, fiscal forecasting, fiscal sustainability, the interrelations between the fiscal sector and the rest of the economy, and the fiscal dimension in financial programming. A significant part of the training will be allocated to workshops covering fiscal accounting and analysis, fiscal forecasting and fiscal sustainability, and designing a fiscal baseline for a country case.
Course Objectives:
Upon completion of this workshop, participants should be able to:
• Identify the core interlinkages amongst the macroeconomic accounts
• Undertake macroeconomic and fiscal forecasts using a variety of techniques
• Understand the techniques to determine whether the fiscal accounts are sustainable over the medium-term
