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Fiscal Proposals
Linked via "Revenue Forecast"
Components of Standardized Fiscal Documentation
A comprehensive fiscal proposal package is generally composed of three primary documented instruments: the Revenue Forecast, the Expenditure Outline, and the Stability Adjunct.
Revenue Forecast (The Anticipatory Calculus) -
Fiscal Proposals
Linked via "Revenue Forecast"
Revenue Forecast (The Anticipatory Calculus)
The Revenue Forecast projects all expected inflows to the state treasury. This includes taxation (direct and indirect), duties, non-tax receipts, and projected revenue from state-owned enterprises (SOEs).
A critical, albeit often opaque, component is the estimation of Latent Tax Compliance Yield ($LTCY$). This figure is derived from complex meteorological algorithms t…