Version 1
: Received: 8 October 2023 / Approved: 8 October 2023 / Online: 8 October 2023 (10:08:59 CEST)
How to cite:
Milojevic, I.; Krstić, M.; Pantic, N.; Mihajlovic, M. Economic Analysis of a Model For Forecasting Public Expenditures And Revenues. Preprints2023, 2023100432. https://doi.org/10.20944/preprints202310.0432.v1
Milojevic, I.; Krstić, M.; Pantic, N.; Mihajlovic, M. Economic Analysis of a Model For Forecasting Public Expenditures And Revenues. Preprints 2023, 2023100432. https://doi.org/10.20944/preprints202310.0432.v1
Milojevic, I.; Krstić, M.; Pantic, N.; Mihajlovic, M. Economic Analysis of a Model For Forecasting Public Expenditures And Revenues. Preprints2023, 2023100432. https://doi.org/10.20944/preprints202310.0432.v1
APA Style
Milojevic, I., Krstić, M., Pantic, N., & Mihajlovic, M. (2023). Economic Analysis of a Model For Forecasting Public Expenditures And Revenues. Preprints. https://doi.org/10.20944/preprints202310.0432.v1
Chicago/Turabian Style
Milojevic, I., Nemanja Pantic and Milan Mihajlovic. 2023 "Economic Analysis of a Model For Forecasting Public Expenditures And Revenues" Preprints. https://doi.org/10.20944/preprints202310.0432.v1
Abstract
Modern countries generally deal with significant budget deficits and public debt. These countries need to rationalize their expenditures and increase revenue without major interference to economic flows. The aim of this paper is to create a model for forecasting public revenue and expenditure based on data from previous years. In the paper we formulated two hypotheses related to the validity of the set models. After detailed analysis, both hypotheses were accepted. The analysis includes all EU Member States and public revenue and expenditure data for the last decade. The significance of the analysis is reflected on the practical foundation of the pre-set theoretical views, which will have their basis in statistically significant results. By analyzing the model, we formulated the regression formulas of revenues and expenditures, which can be efficiently used in predicting these variables.
Keywords
European Union; public revenues; public expenditures; regression analysis
Subject
Computer Science and Mathematics, Applied Mathematics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
