4 blog posts found
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MEI Special Topic: Treasury forecast accuracy
Posted: 25 Jan 2019Topic: Economic conditions, Economic forecasting, Economic growth, Economic indicators, Fiscal policy, Inflation, Public financeThe Treasury regularly carries out an assessment of the accuracy of our biannual forecasts: the Budget Economic and Fiscal Update (BEFU) and the Half Year Economic and Fiscal Update (HYEFU). These... -
MEI Special Topic: Recent Trends in Tax Revenue
Posted: 7 Mar 2017Topic: Economic growth, Economic indicators, Housing, Income, National accounts, Public finance, Service industries, Superannuation, TaxationCore Crown tax revenue is currently around $70 billion a year and is forecast to increase to $90 billion by 2020/21. Tax revenue is by far the largest share of core Crown revenue ($76 ... -
MEI Special Topic: CPI Inflation
Posted: 8 Feb 2017Topic: Economic growth, Economic indicators, Employment, Housing, Inflation, Macroeconomics, Petrol, PricesAnnual Consumers Price Index (CPI) inflation rose from 0.4% to 1.3% in December 2016. This brings inflation back within the RBNZ's target band (of 1-3%) for the first time since 2014. The sudden rise... -
MEI Special Topic: Key Judgements for the Economic Outlook
Posted: 1 Nov 2016Topic: Budget, Construction, Consumption, Economic forecasting, Economic growth, Economic indicators, Employment, Exports, Foreign exchange, Inflation, Interest rates, Migration, Monetary policy, National accounts, Productivity, Statistics, Tourism, TradeOver the first half of 2016 the economy grew at a faster pace than was expected in the Budget Economic and Fiscal Update (the Budget Update), as did tax revenue. Forward indicators suggest this...