Statements on New Zealand's Long-term Fiscal Position

Page updated 29 Oct 2009

The Treasury is required under the Public Finance Act 1989 as amended in 2004 to publish at least every four years a statement on the long-term fiscal position looking out at least 40 years.

The Treasury's latest statement, Challenges and Choices: New Zealand's Long-term Fiscal Statement, was published on 29 October 2009. The first statement, New Zealand’s Long-term Fiscal Position, was released in June 2006.

Further Reading

Speeches by John Whitehead, Secretary to the Treasury, on New Zealand's long-term fiscal outlook:

• New Zealand's Long-term Fiscal Statement Challenges and Choices (29 October 2009);
• New Zealand's Fiscal Policy Choices - The Big Picture (13 December 2007);
• Beyond 2010 - Preparing for Tomorrow's Economic Challenges Today (26 July 2006);
• Facing Fiscal Futures (28 June 2006).

Research and other information:

• Modelling New Zealand's Long-term Fiscal Position (Policy Perspectives Paper 06/01) - Outlines the methodologies and modelling techniques used in preparing the first statement;
• Long-term Fiscal Model - The model used for the projections in the first statement can be downloaded in MS Excel format.

Other publications required under the Public Finance Act 1989:

• Economic and Fiscal Updates - The Treasury's forecasts produced at least twice a year;
• Fiscal Strategy Report 2009 - Published as part of the Budget.