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Session One - Fiscal Framework and Projections Long-Term Fiscal External Panel

Page updated 18 Sep 2012

The first session of the Long-Term Fiscal External Panel was held at Rutherford House, Victoria University of Wellington, on Thursday 30 August.

The topic for this panel session was the Fiscal Framework and Projections.

This session discussed the requirements for long-term fiscal sustainability, including what is meant by fiscal sustainability, why it matters, and how it can be measured. The session discussed these issues in light of New Zealand's current fiscal framework, the Public Finance Act 1989.

This session also discussed the Treasury's Long-Term Fiscal Model (LTFM) including its key underlying assumptions (demographic, economic and fiscal), the preliminary fiscal projections, and the sensitivity of the projections to the underlying modelling assumptions.

The agenda for the session, a summary of the discussion from the session, and draft research papers, which formed the basis of much of the Panel's first session deliberations, are available in the table of documents below.

Documents are available in Adobe PDF format only. HTML versions can be supplied on request by Information Services. Using PDF Files
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