Estimating the structural budget balance of the Australian Government: An update

Nu Nu Win, Simon Duggan, Phil Garton, Spiro Premetis and Bonnie Li
Additional contact information
Nu Nu Win: Treasury, Government of Australia
Simon Duggan: Treasury, Government of Australia
Phil Garton: Treasury, Government of Australia
Spiro Premetis: Treasury, Government of Australia
Bonnie Li: Treasury, Government of Australia

No 2013-01, Treasury Working Papers from The Treasury, Australian Government

Abstract: This Working Paper presents an overview of structural budget balance models and the adjustments most relevant for Australia. Three models (the OECD model, the IMF model and Treasury’s previously published model in the Australian Government’s 2009-10 Budget and McDonald et al (2010)) are discussed. Updated estimates of the Australian Government’s structural budget balance are presented alongside analysis showing the sensitivity of the results to plausible changes in key parameters. The updated structural budget balance estimates are based on the model used by McDonald et al (2010) and updated for the Australian Government’s 2013-14 Budget.

Keywords: fiscal policy; cyclical adjustment; structural fiscal balance; commodity prices (search for similar items in EconPapers)
JEL-codes: E62 H62 H69 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2013-05, Revised 2013-05
New Economics Papers: this item is included in nep-mac and nep-pub
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Citations: View citations in EconPapers (1)

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