Economic And Fiscal Outlook

Author : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 164 pages
File Size : 55,6 Mb
Release : 2010-11-29
Category : Business & Economics
ISBN : 0101797923

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Economic and fiscal outlook by Office for Budget Responsibility Pdf

The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2015-16. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives and presents preliminary observations on the long-run sustainability of the public finances. Since the June forecast, the UK economy has recovered more strongly than initially expected. The GDP growth was greater than expected in both the 2nd and 3rd quarters, but that unemployment levels have risen to levels that the June forecast did not anticipate until the middle of 2012. In general the world economy has also grown more strongly. CPI inflation has remained slightly higher than expected in June, whilst public finances have performed as forecast. The interest rates on UK debt are lower than in June. The OBR forecasts that the economy will continue to recover from the recession, but at a slower pace than the recoveries of the 1970s, 1980s and 1990s. The publication is divided into 5 chapters with two annexes.

Author : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 192 pages
File Size : 42,9 Mb
Release : 2012-03-21
Category : Business & Economics
ISBN : 0101830327

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Economic and fiscal outlook March 2012 by Office for Budget Responsibility Pdf

The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2016-17. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives. The OBR assessment of the outlook and risks for the UK economy is broadly unchanged since the November 2011 report. A technical recession will be avoided with positive growth in the first quarter of 2012. GDP will grow by 0.8% in 2012, 2% in 2013, 2.7% in 2014 and 3% for 2015-16 period. Public sector net borrowing is forecast to total £126 billion, 8.3% of GDP this year which is £1.1 billion less than the November forecast. For 2016-17, the PSNB is then forecast to decline to £21 billion. The fall in PSNB in 2012-13 is much larger than the OBR's November forecast due to the Government's decision to transfer the Royal Mail's historic pension deficit. The Chancellor's decision to cut 50% additional rate income tax to 45% has an estimated direct cost to the Exchequer of £0.1 billion in 2013-14. Other forecasts by the OBR, include: the ILO unemployment rate to rise from 8.4% to 8.7% over the coming year; household disposable income growth to be weak in 2012-13, but consumption to begin to offer some support to the recovery in the second half of the year; that the situation in the euro area remains a major risk to accurate forecasting. The publication is divided into five chapters: Chapter 1: Executive summary; Chapter 2: Developments since the November 2011 forecast; Chapter 3: economic outlook; Chapter 4: Fiscal outlook; Chapter 5: Performance against the Government's fiscal targest; Annex A - Budget 2012 policy measures.

Author : Anonim
Publisher : Unknown
Page : 618 pages
File Size : 44,9 Mb
Release : 1981
Category : Budget
ISBN : STANFORD:36105119561731

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The Economic and Budget Outlook, an Update by Anonim Pdf

Author : Congressional Budget Office
Publisher : Government Printing Office
Page : 184 pages
File Size : 45,6 Mb
Release : 2015-02-15
Category : Aging
ISBN : 0160927439

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Budget and Economic Outlook by Congressional Budget Office Pdf

Reports on the state of the United States economy and the Federal budget.

Author : Paul L. Houts
Publisher : Unknown
Page : 75 pages
File Size : 49,8 Mb
Release : 1997-06-01
Category : Political Science
ISBN : 0788148443

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Economic and Budget Outlook by Paul L. Houts Pdf

Chapter one covers the state of the economy, the economic outlook, and risks to the economic outlook. Chapter two covers the deficit outlook, revenue and spending projections, changes resulting from the reconciliation legislation, other changes in the budget outlook, and the federal sector of the national income and product accounts. Appendixes include: changes in calculating the Consumer Price Indexes, and a sequestration update report for fiscal year 1998. Charts and tables.

Author : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 200 pages
File Size : 41,9 Mb
Release : 2011-11-29
Category : Business & Economics
ISBN : 0101821824

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Office for Budget Responsibility by Office for Budget Responsibility Pdf

This economic and fiscal outlook sets out the Office for Budget Responsibility (OBR) forecast for the period to 2016-17. The economy has grown less strongly than forecast in March primarily because higher-than-expected inflation has squeezed household incomes and consumer spending. The eurozone crisis has impacted on business and consumer confidence. Consequently the OBR has revised it growth forecasts downwards. It expects the underlying momentum of the economy to pick up through 2012 but with the headline measure of GDP broadly flat until the second half. The central forecast is now for 0.7 per cent growth in GDP in 20102, 2.1 per cent in 2013, 2.7 per cent in 2014, and 3 per cent in 2015 and 2016. Public sector net borrowing (PSNB) is expected to total £127 this year (8.4 per cent of GDP), but the downward revision of growth forecasts means the deficit will shrink less quickly over the next five years, with a forecast £53 billion PSNB (2.9 per cent of GDP) in 2015-16. Unemployment is expected to rise further to 8.7 per cent in 2012 before falling back to 6.2 per cent by 2016. The OBR estimates that the Government has a roughly 60 per cent of meeting its mandate to balance the structural or cyclically-adjusted current budget by 2016-17. The central economic and fiscal forecasts assume that the euro area finds a way through its current crisis, but a more disorderly outcome is clearly a significant risk.

Author : OECD
Publisher : OECD Publishing
Page : 412 pages
File Size : 42,8 Mb
Release : 2011-07-18
Category : Electronic
ISBN : 9264063471

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OECD Economic Outlook, Volume 2011 Issue 1 by OECD Pdf

In addition to the usual macroeconomic and country assessments and statistical annex with projection data, this issue of the OECD Economic Outlook also includes special chapters on the persistence of high unemployment and drivers and vulnerabilities associated with international capital flows.

Author : Wayne Swan,Lindsay Tanner
Publisher : Unknown
Page : 72 pages
File Size : 46,9 Mb
Release : 2009
Category : Australia
ISBN : 064274503X

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Updated Economic and Fiscal Outlook by Wayne Swan,Lindsay Tanner Pdf

Author : Paul L. Houts,United States. Congressional Budget Office
Publisher : Unknown
Page : 96 pages
File Size : 55,8 Mb
Release : 1997-09
Category : Business & Economics
ISBN : 0160492122

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The Economic and Budget Outlook by Paul L. Houts,United States. Congressional Budget Office Pdf

Chapter one covers the state of the economy, the economic outlook, and risks to the economic outlook. Chapter two covers the deficit outlook, revenue and spending projections, changes resulting from the reconciliation legislation, other changes in the budget outlook, and the federal sector of the national income and product accounts. Appendixes include: changes in calculating the Consumer Price Indexes, and a sequestration update report for fiscal year 1998. Charts and tables.

Author : OECD
Publisher : OECD Publishing
Page : 218 pages
File Size : 52,5 Mb
Release : 2021-05-31
Category : Electronic
ISBN : 9789264816916

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OECD Economic Outlook, Volume 2021 Issue 1 by OECD Pdf

The OECD Economic Outlook, Volume 2021 Issue 1, highlights the improved prospects for the global economy due to vaccinations and stronger policy support, but also points to uneven progress across countries and key risks and challenges in maintaining and strengthening the recovery.

Author : Anonim
Publisher : Unknown
Page : 196 pages
File Size : 51,9 Mb
Release : 2008
Category : Budget
ISBN : OSU:32437122690759

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The Budget and Economic Outlook by Anonim Pdf

Author : New Zealand. Treasury
Publisher : Unknown
Page : 656 pages
File Size : 55,6 Mb
Release : 1994
Category : Economic forecasting
ISBN : STANFORD:36105020946799

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Economic and Fiscal Outlook by New Zealand. Treasury Pdf

Author : OECD
Publisher : OECD Publishing
Page : 220 pages
File Size : 41,9 Mb
Release : 2019-12-10
Category : Electronic
ISBN : 9789264575127

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OECD Economic Outlook, Volume 2019 by OECD Pdf

The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. Coverage is provided for all OECD member countries as well as for selected non-member countries.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 208 pages
File Size : 48,6 Mb
Release : 2019-10-15
Category : Business & Economics
ISBN : 9781513516172

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World Economic Outlook, October 2019 by International Monetary Fund. Research Dept. Pdf

Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Author : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 194 pages
File Size : 53,6 Mb
Release : 2013-03-20
Category : Business & Economics
ISBN : 0101857322

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Economic and Fiscal Outlook March 2013 by Office for Budget Responsibility Pdf

This report sets out forecasts for the period to 2017-18 and assesses whether the Government is on course to meet its medium-term fiscal objectives. The economy grew slightly more strongly in 2012 than expected but also shrank more than expected in the final quarter, and entered 2013 with reduced momentum. This leads the OBR to revise growth forecasts to 0.6 per cent in 2013 and 1.8 per cent in 2014. Thereafter the forecasts are unchanged rising to 2.8 percent by 2017. The pace of recovery is constrained by slow growth in productivity and real incomes, continued problems in the financial system, the fiscal consolidation and the outlook for the global economy. Public sector net borrowing (PSNB) is expected to be broadly flat this and next, then will resume its fall in 2014-15. Underlying deficits in PSNB are forecast to be very close to £120 billion in 2011-12, 2012-13 and 2013-14. Tax receipts are £5.1 billion lower but central government departments are expected to underspend by almost £11 billion this year. The Government has a more than 50 per cent chance of meetings its fiscal mandate. Other forecasts by the OBR include: the ILO unemployment rate to peak at 8.0 per cent in 2014 before falling back to 6.9 per cent in 2017. Real wage growth is expected to be negative in 2013, only marginally positive in 2014 before picking up to 2 per cent in 2016. The publication contains: Chapter 1: Executive summary; Chapter 2: Developments since the December 2012 forecast; Chapter 3: Economic outlook; Chapter 4: Fiscal outlook; Chapter 5: Performance against the Government's fiscal targets; Annex A - Budget 2013 policy measures.