Economic And Fiscal Outlook March 2011
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| Author | : Office for Budget Responsibility |
| Publisher | : The Stationery Office |
| Total Pages | : 180 |
| Release | : 2011-03-23 |
| Genre | : Business & Economics |
| ISBN | : 9780101803625 |
Download Economic and fiscal outlook March 2011 Book in PDF, Epub and Kindle
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 November 2010 outlook, the key economic developments have been an unexpected fall in UK GDP in the final quarter of 2010, a rise in world oil prices, and higher-than-expected UK inflation. The labour market has performed as expected, with unemployment rising. The OBR endorse all but one of the costings for the tax and spending measures set out in Budget 2011 (HC 836, ISBN 9780102971033) as reasonable central estimates, though there are significant uncertainties around a number of them. The central forecast for economic growth in 2011 is revised down from 2.1 to 1.7 per cent. On the fiscal outlook, OBR forecast that public sector net borrowing will decline steadily as share of national income, but more slowly than forecast in November. The Government set itself two medium-term fiscal targets: to balance the cyclically-adjusted current budget by the end of a rolling five-year period; and to see public sector debt falling in 2015-16. Examining performance against these targets, the OBR believe there is a greater than 50 per cent probability of meeting both targets under current policy.
| Author | : Office for Budget Responsibility |
| Publisher | : The Stationery Office |
| Total Pages | : 192 |
| Release | : 2012-03-21 |
| Genre | : Business & Economics |
| ISBN | : 9780101830324 |
Download Economic and fiscal outlook March 2012 Book in PDF, Epub and Kindle
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 | : Office for Budget Responsibility |
| Publisher | : Stationery Office |
| Total Pages | : 172 |
| Release | : 2011-03-23 |
| Genre | : Business & Economics |
| ISBN | : 9780101803625 |
Download Economic and fiscal outlook March 2011 Book in PDF, Epub and Kindle
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 November 2010 outlook, the key economic developments have been an unexpected fall in UK GDP in the final quarter of 2010, a rise in world oil prices, and higher-than-expected UK inflation. The labour market has performed as expected, with unemployment rising. The OBR endorse all but one of the costings for the tax and spending measures set out in Budget 2011 (HC 836, ISBN 9780102971033) as reasonable central estimates, though there are significant uncertainties around a number of them. The central forecast for economic growth in 2011 is revised down from 2.1 to 1.7 per cent. On the fiscal outlook, OBR forecast that public sector net borrowing will decline steadily as share of national income, but more slowly than forecast in November. The Government set itself two medium-term fiscal targets: to balance the cyclically-adjusted current budget by the end of a rolling five-year period; and to see public sector debt falling in 2015-16. Examining performance against these targets, the OBR believe there is a greater than 50 per cent probability of meeting both targets under current policy.
| Author | : Office for Budget Responsibility |
| Publisher | : The Stationery Office |
| Total Pages | : 194 |
| Release | : 2013-03-20 |
| Genre | : Business & Economics |
| ISBN | : 9780101857321 |
Download Economic and Fiscal Outlook March 2013 Book in PDF, Epub and Kindle
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.
| Author | : Office for Budget Responsibility |
| Publisher | : The Stationery Office |
| Total Pages | : 164 |
| Release | : 2010-11-29 |
| Genre | : Business & Economics |
| ISBN | : 9780101797924 |
Download Economic and fiscal outlook Book in PDF, Epub and Kindle
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 | : United States Government Accountability Office |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 26 |
| Release | : 2018-05-18 |
| Genre | : |
| ISBN | : 9781719030298 |
Download The Federal Government's Long-Term Fiscal Outlook Book in PDF, Epub and Kindle
The Federal Government's Long-Term Fiscal Outlook: January 2011 Update [Reissued on March 22, 2011]
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : INTERNATIONAL MONETARY FUND |
| Total Pages | : 0 |
| Release | : 2011-09-20 |
| Genre | : Business & Economics |
| ISBN | : 9781616351199 |
Download World Economic Outlook, September 2011 Book in PDF, Epub and Kindle
The September 2011 edition of the World Economic Outlook assesses the prospects for the global economy, which is now in a dangerous new phase. Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing. Against a backdrop of unresolved structural fragilities, a barrage of shocks hit the international economy this year, including the devastating Japanese earthquake and tsunami, unrest in some oil-producing countries, and the major financial turbulence in the euro area. Two of the forces now shaping the global economy are high and rising commodity prices and the need for many economies to address large budget deficits. Chapter 3 examines the inflationary effects of commodity price movements and the appropriate monetary policy response. Chapter 4 explores the implications of efforts by advanced economies to restore fiscal sustainability and by emerging and developing economies to tighten fiscal policy to rebuild fiscal policy room and in some cases to restrain overheating pressures.
| Author | : Office for Budget Responsibility |
| Publisher | : The Stationery Office |
| Total Pages | : 200 |
| Release | : 2011-11-29 |
| Genre | : Business & Economics |
| ISBN | : 9780101821827 |
Download Office for Budget Responsibility Book in PDF, Epub and Kindle
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 | : |
| Publisher | : |
| Total Pages | : 1046 |
| Release | : 1974 |
| Genre | : Economic history |
| ISBN | : |
Download OECD Economic Outlook Book in PDF, Epub and Kindle
| Author | : Great Britain: Parliament: House of Commons: Treasury Committee |
| Publisher | : The Stationery Office |
| Total Pages | : 94 |
| Release | : 2012-04-18 |
| Genre | : Business & Economics |
| ISBN | : 9780215043863 |
Download Budget 2012 Book in PDF, Epub and Kindle
This report on the Budget 2012 highlights a number of areas of concern as well as outlining recommendations for Government action and future Treasury Committee activity. On macroeconomic policy the report covers macroprudential rules, the output gap, quantitative easing, and wider economic risks. Taxation matters examined include personal tax statements, retrospective taxation, and the 45p tax rate. Other sections are concerned with the child benefit system, leaks, and the timing of the Budget.
