Data tables for summary fiscal indicators (continued)

Table 15 - Cyclically-adjusted balance with alternative output gap and elasticity values (% of GDP)
			CAB using alternative output gaps			CAB using alternative elasticities
June year	OBEGAL	Baseline CAB	RBNZ	IMF	OECD	Low	High
1997	1.8	1.1	0.9	1.0	1.2	1.4	0.5
1998	2.3	2.6	2.5	2.5	2.6	2.5	2.9
1999	0.1	1.0	1.2	0.8	0.8	0.6	1.6
2000	0.5	0.0	0.3	0.6	0.6	0.2	-0.4
2001	1.2	1.2	1.6	1.1	1.2	1.2	1.3
2002	1.9	1.8	2.0	1.7	1.7	1.8	1.7
2003	3.2	2.8	2.7	2.5	2.5	3.0	2.4
2004	3.8	2.9	2.6	2.8	2.7	3.3	2.2
2005	4.6	3.7	3.2	3.4	3.3	4.1	2.9
2006	4.4	3.5	3.0	3.5	3.5	3.9	2.7
2007	3.4	2.7	2.5	2.8	3.0	3.0	2.0
2008	3.1	1.6	1.8	2.8	3.1	2.3	0.2
2009	-2.1	-2.1	-1.6	-1.3	-0.9	-2.1	-2.0
2010	-3.3	-3.0	-2.6	-2.0	-1.7	-3.1	-2.6
2011	-8.4	-4.8	-4.2	-4.2	-4.2	-5.1	-4.2
2012	-4.7	-3.6	-3.6	-3.1	-3.0	-3.7	-3.3
2013	-1.8	-1.8	-2.0			-1.8	-1.8
2014	-0.3	-0.1	-0.5			-0.2	-0.1
2015	0.5	0.7	0.2			0.6	0.7

Source: The Treasury

Table 16- Core Crown fiscal impulse with alternative output gap and elasticity values (% of GDP)
		Fiscal impulse using alternative output gaps			Fiscal impulse using alternative elasticities
June year	Fiscal impulse	RBNZ	IMF	OECD	Low	High
1997	2.0	2.2	2.0	2.0	2.1	1.9
1998	0.3	0.2	0.3	0.4	0.6	-0.5
1999	1.0	0.7	1.1	1.3	1.2	0.7
2000	0.7	0.6	-0.1	-0.1	0.2	1.6
2001	-1.1	-1.1	-0.4	-0.5	-0.9	-1.4
2002	-0.8	-0.7	-0.8	-0.7	-0.9	-0.7
2003	-0.3	-0.1	-0.2	-0.1	-0.4	-0.1
2004	0.3	0.6	0.2	0.2	0.2	0.6
2005	-1.6	-1.5	-1.4	-1.4	-1.6	-1.6
2006	0.5	0.5	0.2	0.1	0.5	0.5
2007	0.1	-0.2	0.0	-0.1	0.1	0.0
2008	0.8	0.5	0.0	-0.1	0.5	1.3
2009	3.7	3.5	4.0	4.0	4.2	2.7
2010	2.0	2.0	1.8	1.8	2.1	1.8
2011	1.3	1.2	1.6	1.9	1.4	1.2
2012	0.0	0.4	0.1	0.1	-0.1	0.2
2013	-2.1	-1.9			-2.2	-1.8
2014	-1.9	-1.8			-1.8	-2.0
2015	-0.9	-0.8			-0.9	-0.9

Source: The Treasury

Table 17 - Terms-of-trade adjustment to the structural budget balance (% of GDP)
		Terms-of-trade adjustment (impact on CAB)				CAB with terms-of-trade adjustment
June year	Baseline CAB	50-year average	30-year average	20-year average	Statistical filter	50-year average	30-year average	20-year average	Statistical filter
1997	1.1	0.2	-0.1	0.3	-0.1	1.3	1.0	1.4	1.0
1998	2.6	0.3	0.0	0.4	0.0	2.9	2.6	3.1	2.6
1999	1.0	0.4	0.1	0.5	0.1	1.4	1.1	1.5	1.1
2000	0.0	0.5	0.2	0.6	0.2	0.5	0.2	0.7	0.2
2001	1.2	0.2	-0.1	0.4	0.0	1.4	1.1	1.6	1.2
2002	1.8	0.1	-0.2	0.3	0.1	1.9	1.6	2.1	1.9
2003	2.8	0.1	-0.3	0.2	0.3	2.8	2.5	3.0	3.0
2004	2.9	-0.6	-1.0	-0.5	-0.2	2.3	2.0	2.5	2.7
2005	3.7	-0.9	-1.3	-0.8	-0.3	2.7	2.4	2.9	3.4
2006	3.5	-0.7	-1.0	-0.5	0.2	2.8	2.5	3.0	3.7
2007	2.7	-0.8	-1.1	-0.6	0.2	1.9	1.6	2.1	2.9
2008	1.6	-1.9	-2.3	-1.7	-0.6	-0.3	-0.7	-0.1	1.0
2009	-2.1	-1.1	-1.5	-1.0	0.2	-3.2	-3.6	-3.0	-1.8
2010	-3.0	-1.0	-1.3	-0.8	0.2	-4.0	-4.3	-3.8	-2.7
2011	-4.8	-1.8	-2.2	-1.7	-0.4	-6.6	-7.0	-6.5	-5.2
2012	-3.6	-1.4	-1.8	-1.2	0.1	-5.0	-5.3	-4.8	-3.5
2013	-1.8	-1.5	-1.8	-1.3	0.0	-3.2	-3.6	-3.1	-1.7
2014	-0.1	-1.6	-2.0	-1.4	0.0	-1.7	-2.1	-1.6	-0.1
2015	0.7	-1.6	-2.0	-1.5	0.0	-1.0	-1.4	-0.8	0.7

Source: The Treasury

Page top

Global Navigation