## Revenue Forecasting and Analysis

## Source details

**Canonical URL:** [Revenue Forecasting and Analysis](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2023/rfaxol23-235)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2023/rfaxol23-235/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2023/rfaxol23-235/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2023/rfaxol23-235/bundle-manifest.json)

## Bibliographic details
- Session: OL 23.235
- Location: Course conducted online
- Dates: September 1, 2023 - April 15, 2024 (32 weeks)
- Delivery method: Online Training
- Primary language: Spanish
- Status: Deadline passed

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### Training program overview
- Session No.: OL 23.235
- Location: Course conducted online
- Date: September 1, 2023 - April 15, 2024 (32 weeks)
- Delivery Method: Online Training
- Primary Language: Spanish
- Presented by: Fiscal Affairs Department, International Monetary Fund

### Target audience and qualifications
- Target audience:
  - Government officials working in ministries of finance or in revenue administrations who are charged with conducting revenue forecasts and/or assessing the revenue or distributional impact of tax policy changes.
- Qualifications:
  - Basic to intermediate understanding of tax policy.
  - Expected to have a degree in economics or tax accountancy (ideally with some background in econometrics).
  - Proficiency in Microsoft Excel.
  - Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential.

### Course description
- Focus:
  - Technical and institutional aspects of revenue forecasting and tax policy analysis.
  - Overview of quantitative methods required to forecast and evaluate revenue implications of changes in major taxes.
- Taxes covered:
  - Personal income taxes
  - Corporate income taxes
  - Value added taxes
  - Excise taxes
  - International trade taxes
- Emphasis:
  - Necessity of establishing a strong institutional framework to support the revenue forecasting process.
- Approach:
  - Builds on both conceptual and practical approaches.
  - Employs hands-on activities, including quizzes and quantitative exercises with real fiscal data.

### Learning objectives
Upon completion of the course, participants should be able to:
- Describe the role of revenue forecasting in the budget-making process.
- Identify good practices relating to the institutional framework that supports the revenue forecasting process.
- Identify data requirements for each method of revenue forecasting.
- Apply macro-based models to forecast tax revenue.
- Apply input-output models and micro-simulation techniques to analyze the revenue and distributional implications from indirect and direct taxes.
- Recognize the strengths and limitations of different models.

---


## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2023/rfaxol23-235_