Strategic Budgeting including Fiscal Analysis and Forecasting for Rajasthan State Officials
Target Audience
Junior officials from ministries of finance and central banks who would benefit from a better understanding of the macroeconomic dimensions of fiscal policy
Qualifications
Participants are expected to have a degree in economics or a related field, experience in macroeconomic analysis, relevant budget experience in the Finance Department and proficiency in Microsoft Excel.
Course Description
This course, presented by the IMF Fiscal Affairs Department, offers participants a more extensive exposure to fiscal issues and the macroeconomic effects of fiscal policy than is possible in a standard course on financial programming and policies. Separate lectures are devoted to fiscal accounts and analysis, fiscal forecasting, fiscal sustainability, how the fiscal sector relates to the rest of the economy, and strategic budget issues. Workshops take up about half the course time. These cover fiscal accounting and analysis, fiscal forecasting and sustainability, and design of a fiscal baseline for a case study country (based on India central government data).
Course Objectives
Upon completion of this course, participants should participants will have an understanding:
• About strategic budget objectives
• A detailed understanding of analyses of revenue and spending developments, how to generate forecasts of revenue and spending aggregates and discuss policy implications.
• Apply acquired knowledge and skills for building a customized case study in collaboration with IMF-SARTTAC.
• Understand the importance of using fiscal forecasts in developing strategic, top-down budgeting
