Half Year Economic and Fiscal Update 2017

The update includes Treasury's economic forecasts and the forecast financial statements of the Government incorporating the financial implications of government decisions and other information relevant to the fiscal and economic outlook.

The Half Year Economic and Fiscal Update 2017 was published with the Budget Policy Statement 2018.

The Treasury also publishes on the Treasury website a one-page dashboard in A3 format TODO which summarises key economic and fiscal forecasts in this Update.

Half Year Economic and Fiscal Update 2017: Published: 14 December 2017
Parl. Number: B6
ISBN: 978-1-98-853430-5 (Online)
ISBN: 978-1-98-853431-2 (Print)
Also published on the Treasury website.

Half Year Economic and Fiscal Update 2017: PDF, 1.28 MB
Half Year Economic and Fiscal Update 2017 - Additional Information: PDF, 653 KB
Half Year Economic and Fiscal Update 2017 - Charts and Data: XLSX, 615 KB

Cover, Statement of Responsibility
Executive Summary
Economic Outlook
- Overview
- Recent Developments and Near-term Outlook
- Medium-term 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 to the Pre-election Update 2017
- Key Economic Assumptions Used in the Fiscal Forecases
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 Pressures by Portfolio
- Cross-portfolio Specific Fiscal Risks
- Risks Removed Since the Pre-election Update
- Contingent Liabilities and Contingent Assets
Forecast Financial Statements
- Statement of Accounting Policies
- Government Reporting Entity as at 27 November 2017
- 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

Half Year Economic and Fiscal Update 2017

Contents