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Budget 2005 Home Page Half-Year Economic & Fiscal Update 2005

Statement of Responsibility

On the basis of the economic and fiscal information available to it, the Treasury has used its best professional judgement in supplying the Minister of Finance with this Economic and Fiscal Update. The Half Year Update incorporates the fiscal and economic implications both of Government decisions and circumstances as at 7 December 2005 that were communicated to me, and of other economic and fiscal information available to the Treasury in accordance with the provisions of the Public Finance Act 1989.

John Whitehead

Secretary to The Treasury

9 December 2005

This Update has been prepared in accordance with the Public Finance Act 1989. I accept overall responsibility for the integrity of the disclosures contained in this Update, and the consistency and completeness of the Update information in accordance with the requirements of the Public Finance Act 1989.

To enable the Treasury to prepare this Update, I have ensured that the Secretary to the Treasury has been advised of all Government decisions and other circumstances as at 7 December 2005 of which I was aware and that had material economic or fiscal implications.

Hon Dr Michael Cullen

Minister of Finance

9 December 2005

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