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Statements on New Zealand's Long-Term Fiscal Position

Page updated 11 Jul 2013

The Public Finance Act 1989 requires Treasury to produce a statement on the Crown’s long-term fiscal position at least every four years. These statements provide 40-year projections on the fiscal position, identify challenges that will face future governments, such as those arising from society's ageing population, and provide members of the public with information on evidence-based options for meeting those challenges.

Affording Our Future, the Treasury’s 2013 Statement on the Long-Term Fiscal Position was published on 11 July 2013.

The two previous statements are Challenges and Choices: New Zealand's Long-term Fiscal Statement, published on 29 October 2009 and the first statement, New Zealand's Long-term Fiscal Position released in June 2006.

As part of preparations for the next statement, Treasury in conjunction with Victoria University of Wellington has established an external panel of independent experts and commentators with whom it will test its assumptions and analysis. The External Panel will meet monthly from August to November 2012. For more information, see Long-Term Fiscal External Panel (Treasury website) or Long-Term Fiscal External Panel (VUW website).

Treasury and Victoria University co-sponsored a two-day conference on Affording Our Future on 10 and 11 December 2012. For more information, see Affording Our Future Conference 2012 (Treasury website) or Affording Our Future Conference 2012 (VUW website)

Past speeches by Treasury leaders on New Zealand's long-term fiscal outlook can be found at:

Research and other information includes:

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