Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/205417 
Authors: 
Year of Publication: 
2000
Series/Report no.: 
New Zealand Treasury Working Paper No. 00/02
Publisher: 
New Zealand Government, The Treasury, Wellington
Abstract: 
The paper sets out a generic approach to the Long Term Fiscal Model (LTFM). The main purpose of the LTFM is to produce Progress Outlooks for Fiscal Strategy Reports. Progress Outlooks of the fiscal position are required by the Fiscal Responsibility Act 1994. The LTFM uses demographic, economic and policy assumptions to project expenses, revenue, assets and liabilities. The projections start from the end of the three-year forecasts in Economic and Fiscal Updates. Projections are usually presented as scenarios to highlight the uncertainty around the projections. The manual contains a technical description of the model and discusses procedures for using the model. A copy of the model is attached to the paper. It is a large spreadsheet run on Excel 97.
Creative Commons License: 
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Document Type: 
Working Paper

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