Revenue Forecasting and Economic Modeling

This highly analytical course focuses on the rigorous techniques used to forecast government revenue and assess the macroeconomic impact of tax policy changes. Participants will delve into the development and application of economic models—including micro-simulation and macro-econometric models—to produce accurate revenue projections essential for sound fiscal planning. The course covers the critical process of estimating tax elasticities, incorporating behavioral responses, and analyzing the "second-round" effects of policy. By mastering these forecasting methodologies, attendees will significantly enhance their ability to support budget formulation and long-term fiscal sustainability.