The 2020 Statement on the Long-term Fiscal Position (the 2020 Statement) was originally planned for publication in March this year. However, the rapid emergence of the COVID-19 pandemic in mid-March and the high likelihood that it would have a very large economic and fiscal impact meant that we had to substantially revise our analysis, including projections and scenarios, for the 2020 Statement.
The timeframe for this work has been extended to allow for a better understanding of the likely impacts of COVID-19 and subsequent response and recovery measures on the New Zealand economy and fiscal position. The Treasury now intends to publish the 2020 Statement before the end of September 2021.
For further details, read the media statement here: Publication delay for 2020 Statement on the Long-term Fiscal Position