Fiscal and other risks over the long term
DOI:
https://doi.org/10.26686/pq.v9i4.4470Keywords:
long-term fiscal outlook, Demographic transition, Geopolitical, social and environmental trends, Financial crises, Retirement income, policy institutions, ‘Fiscal Sustainability Committee’Abstract
After 13 years’ absence from any involvement in public life in New Zealand it has been a welcome challenge to re-immerse myself in issues with which I used to be familiar. I’d like to focus this article on why we should see the Treasury’s review of the government’s long-term fiscal outlook as an exercise in managing a wide range of risks under conditions of significant uncertainty; and how, from a political point of view, one might seek to stop the need for fiscal prudence sliding off the radar screen.
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