Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

PREFU details confirmed

22 September 2008


MEDIA STATEMENT
Immediate Release


PREFU details confirmed

“As announced by the Minister of Finance, the Treasury will be publishing the Pre-election Economic and Fiscal Update (PREFU) on Monday, 6 October 2008,” Secretary to the Treasury John Whitehead said today.

The Public Finance Act (PFA) requires the publication of a PREFU to provide an indication of the most up-to-date economic and fiscal position that an incoming government will face. The Act makes it clear that provision of the fullest information possible is intended.

“I have decided that this and subsequent PREFUs will include projections of the medium-term fiscal position and a brief discussion of the longer-term,” Mr Whitehead said.

Previously, medium-term projections have been posted separately on the Treasury website at the time of the PREFU publication.

“The medium-term projections will incorporate the Treasury’s best judgement as to the most appropriate interpretation of current policy in projecting beyond the five-year forecast period,” Mr Whitehead said.

Mr Whitehead noted that a Half Year Economic and Fiscal Update is not required under the PFA if the PREFU is published between 1 October and 31 December.

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The US Opposition To Mortgage Interest Deductibility For Landlords


Should landlords be able to deduct the interest on the loans they take out to bankroll their property speculation? The US Senate Budget Committee and Bloomberg News don't think this is a good idea, for reasons set out below. Regardless, our coalition government has been burning through a ton of political capital by giving landlords a huge $2.9 billion tax break via interest deductibility, while still preaching the need for austerity to the disabled, and to everyone else...
More


 
 

Government: Concerns Conveyed To China Over Cyber Activity
Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government. “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity... More

ALSO:


Government: GDP Decline Reinforces Government’s Fiscal Plan

Declining GDP for the December quarter reinforces the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says... More

ALSO:


Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.