Oil Price Surprises and the Budget

Authors

• Scott Goldsmith

Files

Description

Policy makers drawing up state budgets each year tend to use the price of oil prevailing during the legislative session as the basis for predicting oil prices and likely state petroleum revenues. Currently these make up about 85 percent of state income. This fiscal policy note examines some recent trends and the implications for short-term volatility, and longer term declines for state spending.

Publication Date

4-17-1990

Keywords

oil price volatility, OPEC, petroleum revenues, production declines, state budget, fiscal policy note series

Recommended Citation

Goldsmith, Scott, "Oil Price Surprises and the Budget" (1990). Reports. 487.
https://scholarworks.alaska.edu/uaa_iser_reports/487

Handle

http://hdl.handle.net/11122/12405