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Forecasts (Economic and Fiscal Updates)

Page updated 9 Jun 2017

The Treasury's forecasts for Government finances and the economy are published in Budget documents titled Economic and Fiscal Updates (EFUs).

The Economic and Fiscal Updates provide a detailed statement of the Government's financial position including updated economic and fiscal forecasts, analysis of the fiscal position and a summary of specific fiscal risks.

These forecasts are usually published twice each year: the Budget Economic and Fiscal Update (BEFU) is published with other Budget documents in May of each year, and the Half Year Economic and Fiscal Update (HYEFU) is usually produced in December. A Pre-election Economic and Fiscal Update is required to be published prior to a general election.

The most recent published forecast is the Budget Economic and Fiscal Update 2017 (BEFU) published with Budget 2017 on 25 May 2017.

The Treasury has also produced a new plain English summary of its forecasts in BEFU Basics.

The next forecast will be the Pre-election Economic and Fiscal Update 2017 (PREFU) released on Wednesday, 23 August 2017.

See the Archive of Economic and Fiscal Updates for forecasts back to 1997.

Related Information

Treasury's Forecasting Performance

See the information release on Treasury's Forecasting Performance.

Research and Policy Publications

The Treasury has published a number of research and policy publications on forecasting issues:

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