27 November 2002
Pre Budget 2002
End of year fiscal report
This is the first year that the Government has published an end of year fiscal report. It provides a further enhancement in the Government's reporting and analysis of retrospective fiscal developments. In particular, the report looks at trends in the public finances and policy in 2000-01 and 2001-02, analysing:
- performance against the fiscal rules and fiscal policy objectives; and
- differences between forecast and fiscal outturn for the year-ahead forecasts published in Budget 2000 and Budget 2001.
The report shows that the Government was firmly on track to meet its fiscal rules in 2000-01 and 2001-02 with strong surpluses on the current budget in both years and low and stable levels of public sector net debt leaving the public finances well placed to play their part in maintaining economic stability.
Further improved transparency will bring the UK fully in line with international best practice and will provide a better understanding of the background to the forward-looking public finances projection published in the Pre-Budget Report. End of year fiscal reports will be published alongside future Pre-Budget Reports.
The full report is available below to download in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Media links
|
|||
 |
|||
|