Tax Revenue Forecasts in IMF-Supported Programs

Tax Revenue Forecasts in IMF-Supported Programs
Year-ahead forecasts of tax revenues incorporated into IMF programs for low-income countries, from 1993 to 1999, are compared with the corresponding outturns. The accuracy of these forecasts was low, with a mean absolute percentage error of 16 percent. Forecasts of tax revenues as a percentage of GDP were biased upwards, but there was no... READ MORE...

Publication date: December 2002
ISBN 9781451875690
$15.00

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