Appendix D: Statement of Risks

Overview

Full details of fiscal risks and contingent liabilities are provided in Budget Paper No. 1, Budget Strategy and Outlook 2006-07. The following statement updates (where necessary) those fiscal risks and contingent liabilities that have changed since the 2006-07 Budget.

The forward estimates of revenue and expenses in the Mid-Year Economic and Fiscal Outlook 2006-07 incorporate assumptions and judgments based on information available at the time of publication.