Budget Economic and Fiscal Update 2018

Contents

• An Introduction to the Budget Economic and Fiscal Update
• Statement of Responsibility
• Executive Summary
• Economic Outlook
  • Overview
  • Recent Developments
  • The Economic Outlook
• Fiscal Outlook
  • Overview
  • Core Crown Tax Revenue
  • Core Crown Expenses
  • Operating Balance
  • Core Crown Capital Spending
  • Residual Cash and Net Core Crown Debt
  • Total Crown Balance Sheet
  • Comparison with the Half Year Update
  • Key Economic Assumptions used in the Fiscal Forecasts
• Risks and Scenarios
  • Overview
  • Risks to the Economic and Fiscal Outlook
  • Alternative Scenarios
  • General Uncertainties in the Economic and Fiscal Outlooks
  • Fiscal Sensitivities
  • Balance Sheet Risks
• Specific Fiscal Risks
  • Overview
  • Summary Table
  • Policy Change Risks by Portfolio
  • Cost Pressure and Cost Variance Risks by Portfolio
  • Cross-portfolio Specific Fiscal Risks
  • Risks Removed Since the Half Year Update
  • Contingent Liabilities and Contingent Assets
• Forecast Financial Statements
  • Statement of Accounting Policies
  • Government Reporting Entity as at 26 April 2018
  • Forecast Financial Statements
  • Notes to the Forecast Financial Statements
  • Forecast Statement of Segments
• Core Crown Expense Tables
• Glossary of Terms
• Time Series of Fiscal and Economic Indicators
• Additional Information