Treasury Presentation - Budget 2024: The economic and fiscal outlook

About the presentation

The Treasury published the Budget 2024 Economic and Fiscal Update on 30 May 2024, as part of the wider package of Budget documents. Join this seminar if you would like to better understand the Treasury economic and fiscal forecasts which underpinned Budget 2024.

The Treasury’s Chief Economic Advisor will outline the Treasury’s position on the international and New Zealand economic outlook; and the implications for forecasts of aggregate fiscal indicators, such as revenue and the Government’s operating balance and debt indicators. Dominick will also explore the reasons for the recent downward revisions to the Treasury’s productivity forecasts, as outlined in a recent Treasury Paper on the global and New Zealand productivity slowdown.

About the presenter

Dominick Stephens is responsible for ensuring that the Treasury’s policy advice on lifting New Zealand living standards is supported and strengthened by sound economic theory and evidence. As part of that role, Dominick is responsible for the Treasury’s economic forecasts.

Prior to coming to the Treasury in 2021, Dominick was Chief Economist at Westpac New Zealand for a decade, leading its team providing forecasts and research on the New Zealand economy. He is a respected analyst, adviser and commentator on a range of economic and market issues, from housing policy to monetary policy and climate change. He was formerly an Economist in the Reserve Bank of New Zealand’s forecasting team and modelling unit.

Dominick is from Christchurch and graduated from the University of Canterbury with a Bachelor of Science with Honours in Economics.