8.
The Executive Summary covers the main features of the 2009 Budget, including the
economic and fiscal outlook, the Government’s economic and fiscal policy responses to the
current challenges and the new initiatives contained in the Budget.
Areas of the Fiscal Strategy Report and Executive Summary yet to be completed
9.
The FSR and Executive Summary both refer to an update set of economic and fiscal
forecasts and longer term fiscal projections. Treasury has not finalised the production and
commentary around these numbers and a discussion around the most significant risks.
10.
I ask that Cabinet agree to delegate authority to me and the Prime Minister to finalise these
sections and to make any other changes to the FSR and Executive Summary to the BEFU
that may be necessary following our discussion today.
Consultation
11.
This paper required no consultation.
Financial Implications
12.
This paper itself has no fiscal implications. The FSR sets out the fiscal strategy agreed at
Cabinet at its April 20 2009 meeting (CAB Min (09) 12/9 refers). The Executive Summary
covers the main features of the 2009 Budget, agreed at Cabinet (CAB Min (09) 13/7 refers).
Human Rights
13.
This paper has no human rights implications
Legislative Implications
14.
The draft Fiscal Strategy Report attached to this paper is consistent with the Public Finance
Act 1989.
Regulatory Impact Analysis
15.
This paper does not require a regulatory impact analysis.
Gender Implications
16.
This paper does not require a gender implications analysis.
Disability Perspective
17.
This paper does not require a disability perspective analysis.
Publicity
18.
The Budget will be published on 28 May 2009.
