An Empirical Analysis of Accurate Budget Forecasting in Turkey

Dogus Universitesi Dergisi, Vol. 6, No. 2, pp. 190-201, 2005

12 Pages Posted: 8 Jul 2009

Date Written: 2005

Abstract

This paper analyzes the accuracy of budget forecasts in Turkey. Data is based on 23 years’ forecasted and materialized general budget revenues and outlays, from 1981 to 2003. One sample statistics, tabulated, and one sample t tests are applied to find out the accuracy of forecasting and the results show that there are statistically significant forecast errors and this significance, especially, indicates biases towards under-forecasting of outlays and over-forecasting of revenues.

Keywords: Budget Forecasting, Budgeting, Forecast Error

JEL Classification: H68, C53, E17

Suggested Citation

Bağdigen, Muhlis, An Empirical Analysis of Accurate Budget Forecasting in Turkey (2005). Dogus Universitesi Dergisi, Vol. 6, No. 2, pp. 190-201, 2005. Available at SSRN: https://ssrn.com/abstract=1429360

Muhlis Bağdigen (Contact Author)

Gazi University ( email )

İİBF - Maliye Bolümü
Emniyet Mahallesi Muammer Bostancı Cad. No: 4
Beşevler/Ankara 06500
Turkey
+90 312 2161353 (Phone)

HOME PAGE: http://websitem.gazi.edu.tr/site/muhlisbagdigen

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