Template-Type: ReDIF-Article 1.0
Author-Name: Galina Ya. Shakhova
Author-Email: gshahova@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Author-Name: Pavel L. Manenok
Author-Email: pmanenok@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Title: Long-term Budget Projections in U.S. Federal Agencies
Abstract: The article analyzes the practice of long-term budget forecasting of federal government agencies in the United States. In this analysis we examine the characteristics of this practice: economic-mathematical modeling of budgetary parameters over the long term, analysis of the calculated trajectories for long-term sustainability, sensitivity analysis of the results to changes in macroeconomic exogenous parameters. Specific attention is paid to drawing up long-term budget projections on the basis of national accounts system.
Classification-JEL:
Keywords: long-term budget projections, economic-mathematical models, long-run sustainability, fiscal gap, national accounts system, budget balance, federal debt/ sensitivity analysis
Journal: Finansovyj žhurnal — Financial Journal
Pages: 121-133
Issue: 3
Year: 2014
Month: September
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2014/3/13_3_2014.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:140313:p:121-133