Half Year Economic and Fiscal Update 2018

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 2018 was published with the Budget Policy Statement 2019.

Half Year Economic and Fiscal Update 2018
Published: 13 December 2018
Parl. Number: B6
ISBN: 978-1-98-855694-9 (Online)
ISBN: 978-1-98-855693-2 (Print)
HYEFU 2018 cover
Half Year Economic and Fiscal Update 2018
PDF, 1.39 MB
Half Year Economic and Fiscal Update 2018 - Additional Information
PDF, 448 KB
Half Year Economic and Fiscal Update 2018 - Charts and Data
XLSX, 619 KB


  • Statement of Responsibility
  • Executive Summary
  • Economic Outlook
    • Overview
    • Economic Conditions and Outlook
    • Domestic Conditions
    • External Conditions
    • Nominal GDP
    • 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 Budget Update
    • Key Economic Assumptions used in the Forecast Financial Statements
  • Risks and Scenarios
    • Overview
    • Risks to the Economic Outlook
    • Alternative Scenarios
    • 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 Budget Update
    • Contingent Liabilities and Contingent Assets
  • Forecast Financial Statements
    • Statement of Accounting Policies
    • Government Reporting Entity as at 27 November 2018
    • Forecast Financial Statements
    • Notes to the Forecast Financial Statements
    • Statements of Segments
  • Core Crown Expense Tables
  • Glossary of Terms
  • Time Series of Fiscal and Economic Indicators
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