Clark, John Gibbons, Caroline Morrissey, Susan Pooley, Joshua Pye, Emily Wilcox, Rhett Willard, Luke
Year of Publication:
Treasury Working Paper No. 2013-04
We use past forecast errors to construct confidence intervals around Australian Government Budget forecasts of key economic and fiscal variables. These confidence intervals provide an indication of the extent of uncertainty around the point estimate forecasts presented in the Budget.