The 2025 Long-term Fiscal Model: Main features and changes

Matt Bell ()
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Matt Bell: The Treasury

Treasury Analytical Notes Series from New Zealand Treasury

Abstract: The Analytical Note "The 2025 Long-term Fiscal Model: Main features and changes" describes the Long-term Fiscal Model (LTFM) used to provide the projected data behind some of the graphs and tables that appeared in He Tirohanga Mokopuna 2025, the 2025 Long-term Fiscal Statement. There is a particular focus on the changes to the model since its predecessor, the 2021 LTFM, was produced and the reasons behind these changes. Included in the analysis are descriptions of the main contributors to the increasing path of public debt relative to GDP that has been a feature, to varying degrees, of every LTFM used in the six Long-term Fiscal Statements produced to date.

JEL-codes: C20 G17 H50 J11 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2026-02-26
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Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztans:an26/01

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