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Three-Dimensional Visualisation as an Innovation Approach to Forecasting the City Budget Income

Author

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  • Markuts Yuliya I.

    (Donetsk National University)

Abstract

Forecasting city budget income is a very important instrument of the budget management through which it is possible to assume the future financial influence of the current budget policy and economic tendencies for achievement of long-term plans and identify alternative ways of solution of existing problems. The goal of the article is development of a model for complex system analysis, economic assessment of execution and forecasting income of the budget of the city of Donetsk with the aim to make high quality, timely and efficient managerial decisions with respect to the budget on the basis of an innovation approach, which is a combination of methods of interpolation, imitation and three-dimensional visualisation. The result of the study is diagnostics of narrow places in execution of the city budget for the studied period of 2008 - 2012, detection of interconnected budget income items, identification of existing tendencies of execution of the budget income and forecasting the income part of the city budget for the period of 2013 - 2017.

Suggested Citation

  • Markuts Yuliya I., 2013. "Three-Dimensional Visualisation as an Innovation Approach to Forecasting the City Budget Income," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 11, pages 156-165.
    • Handle: RePEc:idp:bizinf:y:2013:i:11:p:156_165
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