expectations. Against the backdrop of fiscal rules, our paper explores the budgetary forecast errors of climate change …-related public spending in India. The fiscal rules stipulate that fiscal deficit-to-GDP ratio should be maintained at 3 percent … climate change in India. We analyzed the fiscal behavioral variables in terms of bias, variation, and randomness, and captured …

that the cyclical position and the form of fiscal governance are major determinants of forecast biases. Projected changes …