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Table Of Contents

Foreword
1 Executive summary
Developments since the June forecast
The economic outlook
The fscal outlook
Performance against the Government’s fscal objectives
Economic developments since the June Budget
Fiscal developments since the June Budget
Policy announcements since the June Budget
Developments in external forecasts
Forecast dispersion
Conclusion
Summary
Our approach to economic forecasting
Potential output, trend growth and the output gap
The pace of the recovery
The composition of growth
Components of demand
The labour market
Scenario analysis
Approach to the fscal forecast
Determinants of the fscal forecast
Treatment of new policy announcements
Receipts
Expenditure
Financial transactions
The key fscal aggregates
5 Performance against the Government’s fscal objectives
The fscal mandate and supplementary target
The central forecast
Uncertainty around the central forecast
Long-term fscal sustainability
Extending this analysis
Conclusions
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OBR Econ_fiscal_outlook

OBR Econ_fiscal_outlook

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Published by: illona.chertsey632 on Feb 22, 2011
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06/25/2014

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