Mid-Year Economic and Fiscal Outlook     1998-99

Document	PDF	RTF	Compressed PDF	Compressed RTF
Entire Document			407 KB	213 KB
Preliminary	15 KB	45 KB	10 KB	8 KB
Part I- Overview	16 KB	52 KB	13 KB	11 KB
Part II - Economic Outlook	47 KB	97 KB	40 KB	24 KB
Part III - Fiscal Outlook	127 KB	525 KB	113 KB	87 KB
Appendices	270 KB	844 KB	233 KB	85 KB

FOREWORD

The 1998-99 Mid-Year Economic and Fiscal Outlook (MYEFO) has been drafted in line with the Charter of Budget Honesty Act 1998. The Charter requires that, inter alia, the Government provide a report by the end of January each year which provides updated information to allow the assessment of the Government’s fiscal performance against its fiscal strategy.

Consistent with these requirements:

• Part I provides an overview of the economic and fiscal outlook.
• Part II discusses the economic forecasts which underpin the outlays and revenue estimates.
• Part III provides details of the fiscal position and the factors influencing outlays and revenue estimates.
• Appendix A provides details of decisions taken since the 1998-99 Budget which affect outlays and revenue estimates.
• Appendix B provides a detailed description of general and specific risks to the forward estimates.
• Appendix C discusses the sensitivity of the forward estimates to changes in economic and other parameters.
• Appendix D explains how items have been classified in the MYEFO.
• Appendix E provides estimates for the Commonwealth general government sector and Government Finance Statistics (GFS) tables.

The MYEFO provides the first economic forecasts for the 1999-2000 financial year and their effect on the fiscal estimates.