Fiscal Strategy Model - Budget Economic and Fiscal Update 2010 Version

Date listed : 20 August 2010 (1 year ago)

The Fiscal Strategy Model (FSM) projects the financial performance and the financial position of the government over a medium-term horizon and is published once a year with the Budget.

Dataset URL: http://www.treasury.govt.nz/government/fiscalstrat ...
Re-use rights: Creative Commons Attribution 3 0 New Zealand licence
Cost: Free

Source Agency Information

Agency: The Treasury ( 122 datasets )
Contact: Gavin Hamilton
Email: gavin.hamilton@treasury.govt.nz
Phone: (04) 917 6112

Dates

Date of creation: 20 May 2010
Date last updated: 20 May 2010
Frequency of update: 6-Monthly

Re-uses of this dataset

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Mister EFU by Keith Ng http://publicaddress.net/keith/MisterEfu.html
How has the government's fiscal projections changed? And why? The purpose of this visualisation is to tell us what our fiscal future looks like and how it changed with each Budget update. Why is it that Budget 2007 thought we would have a $5b surplus last year, but by Budget 2009 this was revised down to a $9b deficit, and it actually turned out to be an almost $17b deficit? Some of the reasons - tax cuts - are easy to show, but they are just one of many changes. The bottom half of the visualisation allows users to dig in to the details of the projections. The purpose of the top half is to provide a tangible representation of time, since we have projections which were created at different times ("Budget 2007", "Budget 2008"..) and each projection is an estimate of many points in time. This was, perhaps, a ludicrous amount of complexity for Mix and Mash. It takes the Fiscal Strategy Model that were produced for the past five Budgets (in the Economic and Fiscal Updates, or EFU) and breaksdown and compares them. The model was not designed for longitudinal comparison, so some serious data cleaning was required to make them comparable to each other. Ultimately, this is probably not very digestible for a general audience. However, it is by far and away the most digestible representation of fiscal projections we have.