The political economy of long-term fiscal planning from a social democratic perspective
DOI:
https://doi.org/10.26686/pq.v9i4.4468Keywords:
long-term fiscal projections, Treasury, Fiscal adjustment, mixed member proportional (MMP), Raising revenue, KiwiSaverAbstract
Great care and intellectual power have gone into the process of producing the Treasury’s 2013 long-term fiscal projections.Those projections will, no doubt, create some controversy. The assumptions will be open to challenge, as will, even more so, some of the policy conclusions that the Treasury may draw from the exercise. Yet no one should be in doubt that this process has been a much more open and considered one than its predecessors. I enjoyed participating in the Treasury’s Long-Term Fiscal External Panel and have been impressed by the calibre of the officials involved.
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