IMFx: Revenue Forecasting and Analysis

Presented by the IMF Fiscal Affairs Department, the course offers hands-on learning that will help students build foundational knowledge on the different quantitative models and techniques that can be used to forecast revenues and undertake tax policy analysis, while also exploring related issues such as the features of a sound institutional framework and the key principles of tax policymaking.

About This Course

The course on Revenue Forecasting is pivotal for anyone drawn to the field of Economics and Finance. It systematically addresses the methodologies applied in forecasting the future fiscal inflows that governments expect to receive, predominantly from sources such as taxes. By accurately predicting future revenues, policymakers can craft thoughtful public policies and strategically plan budget allocations.

At a Glance

Institution: IMFx
Subject: Economics & Finance
Level: Intermediate
Prerequisites: Familiarity with taxation/economics, basic Excel skills, and reliable internet access are essential.
Language: English
Video Transcript: Available in English
Associated Skills: Quantitative Modeling, Analytical Techniques, Forecasting, Corporate Tax, Revenue Forecasting, Income Tax

What You Will Learn

Analyze key principles and trends in tax revenue.
Identify essential frameworks for effective revenue forecasting.
Recognize data requirements and potential issues in data for revenue forecasting.
Utilize various methods to produce revenue forecasts.
Evaluate the strengths and weaknesses of different forecasting techniques.
Assess the fiscal impact of tax policy changes with quantitative tools.

Who This Course Is For

This course is ideal for intermediate learners who are interested in public fiscal management, particularly in the areas of revenue forecasting and tax analysis. It is beneficial for economic analysts, policy makers, and finance professionals aiming to enhance their expertise in revenue forecasting.

How Learners Can Use These Skills

Skills acquired from this course can be applied in real-world scenarios such as designing and formulating budget plans, fiscal policies, and economic strategies for governments and organizations. Professionals can leverage these forecasting techniques to anticipate economic conditions and advise on policy adjustments.