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Budget 2012 Home Page Budget Economic and Fiscal Update 2012

Additional Information

The following information forms part of the Budget Economic and Fiscal Update 2012 (Budget Update), released by the Treasury on 24 May 2012. This information provides further details on the Budget Update and should be read in conjunction with the published document. The additional information includes:

  • Detailed economic forecast information - tables providing breakdowns of the economic forecasts.
  • Treasury and Inland Revenue tax forecasts - detailed tax revenue and receipts tables comparing Treasury's forecasts with IRD's forecasts.
  • Tax policy changes - an analysis of the effect of changes in tax policy on forecasts for tax revenue since the Pre-election Update.
  • Additional fiscal indicators - estimates of the cyclically-adjusted balance and fiscal impulse.
  • Government Finance Statistics (GFS) for central government - fiscal tables presented under a GFS presentation framework to help with cross-country comparisons.
  • Accounting policies - outline of the specific Crown accounting policies. The published forecast financial statements only provide a summary.
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