Using a Macroeconomic Model to Check Forecast Consistency

In macroeconomic modelling a central role is played by the forecast of state budget revenues and expenditures, since the financial-budgetary resources are the bases of income redistribution in the society and orientate economic growth. In view to achieve a trade-off between sustainable stimulation of economic growth and the optimal level of budget revenues, various scenarios should be developed, depending on the governmental policies, by using financial programming models. The article includes the presentation of a reduced model used for drawing up a macroeconomic forecast version consistent with the medium-term budgetary planning assumed by the decision makers.