Appendix B

Assessment against the fiscal target

In this Budget, the Government has delivered on its fiscal stratergy and fully offset all new spending.

The table below shows the net budget impact of policy decisions taken since the Mid‑Year Economic and Fiscal Outlook 2009‑10 on an underlying cash basis.

In the 2010‑11 Budget, the Government has fully offset new policy over the forward estimates and delivered a net save of $544 million.

In assessing performance against the fiscal target, the total effect of policy decisions is adjusted to account for policy decisions that have previously been provided for in the contingency reserve.

Table: Assessment against the fiscal target