Expenditure - Global Business and Finance Magazine

Keeping an eye on budgetary forecasts: The new Forecast Tracker of the Secretariat of the European Fiscal Board

GLOBAL BUSINESS AND FINANCE MAGAZINE
June 30, 2025
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Forecasts underpinning budgetary plans have a well-documented impact on fiscal performance especially when policymakers view the world through rosy lenses. Combined with inertia in the implementation phase, optimism contributes to a possible deficit bias and the accumulation of government debt. This column introduces the new Forecast Tracker of the Secretariat of the European Fiscal Board, […]

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Do governments adhere to their approved budgets? Insights from PEFA assessments

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 13, 2025
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Why budget reliability matters Accurate revenue and expenditure forecasting is crucial for effective budgeting to ensure that governments can adequately plan for public services, infrastructure projects, and social programs without unexpected shortfalls. When forecasting is not accurate, governments may not be able to achieve fiscal stability and deliver on policy priorities. In this blog, we try […]