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Economic and fiscal update

Budget Economic and Fiscal Update 2023

Issue date: 
Thursday, 18 May 2023

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Document Date: 
Thursday, 18 May 2023
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ISBN: 978-1-99-004568-4 (print) 978-1-99-004569-1 (online)
Accessible version

Only the Executive Summary has been prepared in HTML. If you require a full HTML version, please contact [email protected] and cite Budget Economic and Fiscal Update 2023 as a reference.

As the government's lead economic and financial adviser, the Treasury forecasts the economic outlook for New Zealand and the Government's fiscal outlook. This Budget Economic and Fiscal Update (Budget Update) is part of a suite of documents we release as required by the Public Finance Act 1989.

This Budget Update primarily outlines what the Treasury observes in our current economic and fiscal climate, what we might see in the future, and what risks we may face over the forecast period. This gives an indication of what the economy is most likely to do to inform decision-making.

Table of contents

  • Statement of Responsibility
  • Executive Summary
  • Economic Outlook
  • Fiscal Outlook
  • Risks to the Economic and Fiscal Forecasts
  • Forecast Financial Statements
  • Core Crown Expense Tables
  • Glossary of Terms
  • Time Series of Fiscal and Economic Indicators
Last updated: 
Thursday, 18 May 2023