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Forecasts (Economic and Fiscal Updates)

Page updated 16 Feb  2016

The Treasury's forecasts for Government finances and the economy are usually published twice a year 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 published usually 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 Half Year Economic and Fiscal Update (HYEFU) 2015 which was published on 15 December 2015.

The next forecast will be the Budget Economic and Fiscal Update (BEFU) 2016 which will be published with the Budget on 26 May 2016.

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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