The Effect of Tax Revenue Budgeting Errors on Fiscal Balance : Evidence from Swiss cantons

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Serval ID
serval:BIB_FFBF30462297
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
The Effect of Tax Revenue Budgeting Errors on Fiscal Balance : Evidence from Swiss cantons
Journal
International Tax and Public Finance
Author(s)
Chatagny F., Soguel N.
ISSN
1573-6970
Publication state
Published
Issued date
2012
Peer-reviewed
Oui
Volume
19
Number
3
Pages
319-337
Language
english
Abstract
This study is an empirical analysis of the impact of direct tax revenue budgeting errors on fiscal deficits. Using panel data from 26 Swiss cantons between 1980 and 2002, we estimate a single equation model on the fiscal balance, as well as a simultaneous equation model on revenue and expenditure. We use new data on budgeted and actual tax revenue to show that underestimating tax revenue significantly reduces fiscal deficits. Furthermore, we show that this effect is channeled through decreased expenditure. The effects of over and underestimation turn out to be symmetric.
Open Access
Yes
Create date
17/07/2014 15:23
Last modification date
01/10/2019 7:20
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