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Revenue Forecasting and Analysis (RFAx)

RFAx

This online course, presented by the Fiscal Affairs Department, focuses on the technical and institutional aspects of revenue forecasting and tax policy analysis. It provides an overview of the quantitative methods that are required to forecast and evaluate the revenue implications of changes in major taxes, namely personal income taxes, corporate income taxes, value added taxes, excise taxes, and international trade taxes. The course also emphasizes the necessity of establishing a strong institutional framework to support the revenue forecasting process.

The course builds on both conceptual and practical approaches and employs hands-on activities to support learning, which includes quizzes and quantitative exercises with real fiscal data.

Topic : Fiscal Policy

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.

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Qualifications

The training is designed for participants who have basic to intermediate understanding of tax policy. Participants are expected to have a degree in economics or tax accountancy (ideally with some background in econometrics) and should be proficient in Microsoft Excel. Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential.

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Course Objectives

Upon completion of this 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.
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Upcoming Offering

Start date End date Location Delivery Method Session No. Primary & (Interpretation) language Apply
May 1, 2024 April 15, 2025 Course conducted online Online Training OL 24.214 French Apply online by April 1, 2025
May 1, 2024 April 15, 2025 Course conducted online Online Training OL 24.215 Spanish Apply online by April 1, 2025
May 1, 2024 April 15, 2025 Course conducted online Online Training OL 24.213 English Apply online by April 1, 2025
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