ABSTRACT
Contents Overview of the Book ...........................................................................................2 Common Th emes ..................................................................................................5 Future Research ....................................................................................................6 References .............................................................................................................7
Revenue and expenditure forecasting are an integral part of government budget process and play an important role in public budgeting and fi nancial management. Despite its signifi cance, budget estimation is often overlooked in the literature. Th e focus of most public budgeting and fi nance books is primarily on budgetary politics, processes, or fi nancial management, whereas revenue and expenditure forecasting are covered in certain chapters or sections in some texts (Axelrod 1995, Golembiewski and Rabin 1997, Lee et al. 2003, Lynch and Martin 1993, Mikesell 2003, Rabin 1992, Rabin et al. 1996, Steiss and Nwagwu 2001), and are “reduced to a minuscule or non-existent topic” (Frank and McCollough 1992, p. 1683)
