Budget forecasts are no sure thing

Budget forecasts are no sure thing
BusinessDesk analysed the accuracy of almost a decade's worth of Budget forecasts delivered in the period from 2011-2019.
Andy Fyers
When the Budget is unveiled it will come with a raft of forecasts for the economy, national income and balance sheet.There's a tendency to report these forecasts as though they are set in stone.So, it is worth keeping in mind that all economic forecasts come with a high degree of uncertainty. To get a sense of the margin of error that you might want to factor into the Budget outlook, BusinessDesk analysed the accuracy of almost a decade's worth of Budget forecasts delivered in the period from 2011-2019.Many of the forecasts deliver...

More Economy

RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024
Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 04 Jul 2024