Data tables for summary fiscal indicators (continued)

Table 16 - Cyclically-adjusted balance with alternative output gap and elasticity values (% of GDP)
June year	OBEGAL	Baseline CAB	RBNZ	IMF	OECD	Low	High
			CAB using alternative output gaps			CAB using alternative elasticities
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	0.7	0.6	1.7
2000	0.5	0.0	0.3	0.6	0.6	0.2	-0.4
2001	1.2	1.2	1.5	1.1	1.2	1.2	1.3
2002	1.9	1.8	1.9	1.7	1.7	1.8	1.7
2003	3.2	2.8	2.6	2.5	2.5	3.0	2.4
2004	3.8	2.9	2.5	2.8	2.7	3.3	2.2
2005	4.6	3.7	3.2	3.3	3.3	4.1	2.9
2006	4.4	3.5	3.1	3.5	3.5	3.9	2.8
2007	3.4	2.8	2.5	2.8	3.0	3.1	2.2
2008	3.1	1.8	1.9	2.8	3.1	2.4	0.5
2009	-2.1	-2.0	-1.5	-1.2	-0.9	-2.1	-2.0
2010	-3.3	-3.1	-2.5	-2.0	-1.7	-3.2	-2.9
2011	-9.2	-4.2	-3.8	-3.7	-3.1	-4.4	-3.9
2012	-5.1	-3.4	-3.4	-3.1	-2.6	-3.5	-3.2
2013	-2.0	-1.7	-1.8			-1.7	-1.6
2014	-0.4	-0.1	-0.5			-0.2	-0.1
2015	0.6	0.7	0.5			0.7	0.8
2016	1.2	1.3				1.3	1.4

Source: The Treasury

Table 17 - Core Crown fiscal impulse with alternative output gap and elasticity values (% of GDP)
June year	Fiscal impulse	RBNZ	IMF	OECD	Low	High
		Fiscal impulse using alternative output gaps			Fiscal impulse using alternative elasticities
1997	2.0	2.2	2.0	2.0	2.1	1.9
1998	0.3	0.4	0.3	0.4	0.6	-0.5
1999	1.0	0.9	1.1	1.2	1.2	0.7
2000	0.7	0.3	-0.1	-0.1	0.2	1.6
2001	-1.1	-0.9	-0.4	-0.5	-0.9	-1.4
2002	-0.8	-0.7	-0.8	-0.7	-0.9	-0.7
2003	-0.3	-0.2	-0.2	-0.1	-0.4	-0.1
2004	0.3	0.4	0.2	0.3	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	0.0	-0.1	0.0	-0.1	0.1	-0.1
2008	0.8	0.4	0.0	-0.1	0.5	1.2
2009	3.8	3.6	4.0	4.0	4.3	2.8
2010	2.1	2.1	1.9	1.8	2.2	2.0
2011	0.6	0.8	1.0	0.7	0.7	0.5
2012	0.6	0.9	0.8	0.1	0.5	0.7
2013	-1.8	-1.7			-1.8	-1.6
2014	-2.1	-1.9			-2.1	-2.1
2015	-0.6	-0.7			-0.6	-0.6
2016	-0.9				-0.8	-0.9

Source: The Treasury

Table 18 - Terms-of-trade adjustment to the cyclically-adjusted balance (% of GDP)
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
		Terms-of-trade adjustment (impact on CAB)				CAB with terms-of-trade adjustment
1997	1.1	0.2	0.3	-0.1	-0.1	1.3	1.4	1.0	1.0
1998	2.6	0.4	0.6	0.1	0.2	3.1	3.2	2.8	2.8
1999	1.0	0.2	0.4	-0.1	0.0	1.2	1.3	0.9	1.0
2000	0.0	0.3	0.5	0.0	0.2	0.3	0.5	0.0	0.2
2001	1.2	0.2	0.4	-0.2	0.2	1.4	1.6	1.1	1.4
2002	1.8	-0.7	-0.5	-1.1	-0.6	1.1	1.3	0.7	1.2
2003	2.8	0.0	0.1	-0.4	0.2	2.7	2.9	2.3	2.9
2004	2.9	-0.1	0.0	-0.5	0.2	2.8	2.9	2.5	3.1
2005	3.7	-0.7	-0.5	-1.0	-0.2	3.0	3.2	2.7	3.5
2006	3.5	-0.7	-0.5	-1.0	-0.1	2.8	3.0	2.5	3.5
2007	2.8	-0.4	-0.2	-0.7	0.3	2.4	2.6	2.0	3.1
2008	1.8	-1.1	-0.9	-1.5	-0.1	0.6	0.8	0.2	1.6
2009	-2.0	-1.8	-1.6	-2.3	-0.6	-3.9	-3.7	-4.3	-2.6
2010	-3.1	-0.4	-0.3	-0.8	0.7	-3.6	-3.4	-3.9	-2.4
2011	-4.2	-1.5	-1.4	-1.9	-0.1	-5.8	-5.6	-6.2	-4.3
2012	-3.4	-1.9	-1.7	-2.3	-0.3	-5.3	-5.1	-5.7	-3.7
2013	-1.7	-1.7	-1.5	-2.0	0.0	-3.3	-3.2	-3.7	-1.7
2014	-0.1	-1.8	-1.6	-2.1	0.0	-1.9	-1.7	-2.3	-0.1
2015	0.7	-1.8	-1.6	-2.2	0.0	-1.1	-0.9	-1.4	0.8
2016	1.3	-1.9	-1.7	-2.2	0.0	-0.5	-0.4	-0.9	1.4

Source: The Treasury

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