Fiscal Analysis and Forecasting (FAF)

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Fiscal Analysis and Forecasting (FAF)

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Bibliographic details

• Published: July 17, 2025

Course overview and content

• Offers participants an extensive exposure to fiscal issues and the macroeconomic effects of fiscal policy.
• Separate lectures are devoted to:
  • fiscal accounts and analysis,
  • fiscal rules and fiscal councils,
  • fiscal multipliers,
  • management of natural resource revenues,
  • fiscal forecasting, and fiscal sustainability,
  • how the fiscal sector relates to the rest of the economy,
  • fiscal dimensions in financial programming.
• Workshops take up about half the course time and cover:
  • fiscal accounting and analysis,
  • fiscal forecasting and sustainability,
  • fiscal multipliers,
  • fiscal rules and fiscal councils,
  • management of natural resource revenues,
  • design of a fiscal baseline and alternative scenarios for a real country case study.

Target audience

• Junior officials from the ministries of finance and central banks who would benefit from a better understanding of the macroeconomic dimensions of fiscal policy.

Qualifications

• Expected to have a degree in economics or a related field.
• Experience in macroeconomic analysis.
• Proficiency in Microsoft Excel.

Course objectives

Upon completion of the course, participants should be able to:

• Prepare detailed analyses of revenue and spending developments.
• Generate forecasts of revenue and spending aggregates and the fiscal balance and discuss policy implications.
• Apply acquired knowledge and skills to group-based assessments of real country case studies.