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Roles of Fiscal Policy in New Zealand - WP 08/02

Figures

Figure 1 - Sovereign Debt (actual and projected)
Figure 1 - Sovereign Debt (actual and projected).
Source: Treasury Fiscal Strategy Model (2007)
Figure 2 - New Zealand gross sovereign issued debt and net public debt (actual and projected)
Figure 2 - New Zealand gross sovereign issued debt and net public debt (actual and projected).
Source: The Treasury Statement of Long Term Fiscal Position (2006)
Figure 3 - Projections of health and superannuation expenditure
Figure 3 - Projections of health and superannuation expenditure.
Source: The Treasury (2006)
Figure 4 - Core Crown expenditure growth rates
Figure 4 - Core Crown expenditure growth rates.
Source: The Treasury
Figure 5 - New Zealand fiscal balance and fiscal impulse indicator
Figure 5 - New Zealand fiscal balance and fiscal impulse indicator.
Source: The Treasury (2007)
Figure 6 – VAR-based estimate of fiscal impulses and annual New Zealand real GDP growth
Figure 6 - VAR-based estimate of fiscal impulses and annual New Zealand real GDP growth.
Source: The Treasury and Claus, Gill, Lee and McLellan (2006) updated by Treasury
Figure 7 - Comparison of VAR-based and traditional measure of fiscal impulse to New Zealand GDP growth
Figure 7 - Comparison of VAR-based and traditional measure of fiscal impulse to New Zealand GDP growth.

Note: The “VAR” measure is from Figure 6 and the “Indicator” measure is from Figure 5.

Figure 8 - New Zealand government consumption and investment expenditure
Figure 8 - New Zealand government consumption and investment expenditure.
Source: Statistics New Zealand
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