"The scope of Public Finance, as a branch of economics, has expanded with the changing role of government. Though the foundational principles of public finance defined by Musgrave (1957) remain the core, the instruments and options to achieve desired Musgraivian objectives, viz., allocation,...

Budget credibility, or the ability of governments to accurately forecast macro-fiscal variables, is crucial for effective public finance management. Fiscal marksmanship analysis captures the extent of errors in the budgetary forecasting. The fiscal rules can determine fiscal marksmanship, as...

Budget credibility, or the ability of governments to accurately forecast macro-fiscal variables, is crucial for effective public finance management. Fiscal marksmanship analysis captures the extent of errors in the budgetary forecasting. The fiscal rules can determine fiscal marksmanship, as...