Each year at the Budget, Treasury makes forecasts about the government's fiscal performance. For example, how much money they will spend in different areas, how much debt it will have, and so on.
The Herald has collated all the forecasts since 2008 to show how they have changed over time, and how Budget 2020 dwarfs them all.
Each dotted line represents the forecast at one budget. You can drag the slider to see what each what our fiscal future looked like at each budget, and compare it with what it looks like now.
Net Core Crown Debt Total Crown OBEGAL Total Crown Revenue Total Crown Health Expenditure Total Crown Education Expenditure Total Crown Social Security and Welfare Expenses Unemployment rate Government 5-year Bond Rate Nominal GDP Net Core Crown Debt Use left/right keys to see previous forecasts
Drag slider to see previous forecasts
Debt rose significantly in the wake of the GFC and the Christchurch Earthquake in the late 2000s, from $13b to $66b at its peak.
The latest Budget expects that we'll nearly triple this - up to $192b - by 2024.
Budget 2009 <- Historic Forecast -> Actual Actual in 00/01 $37.6B Actual Actual in 01/02 $37.1B Actual Actual in 02/03 $34.9B Actual Actual in 03/04 $33.5B Actual Actual in 04/05 $27.2B Actual Actual in 05/06 $21.6B Actual Actual in 06/07 $17.1B Actual Actual in 07/08 $12.9B Actual Actual in 08/09 $20.7B Actual Actual in 09/10 $31.7B Actual Actual in 10/11 $46.8B Actual Actual in 11/12 $56.1B Actual Actual in 12/13 $61.3B Actual Actual in 13/14 $65.3B Actual Actual in 14/15 $65.0B Actual Actual in 15/16 $66.1B Actual Actual in 16/17 $63.3B Actual Actual in 17/18 $60.1B Actual Actual in 18/19 $59.5B Actual Budget 2009 Estimate for 07/08 $12.9B Budget 2009 Estimate for 08/09 $18.7B Budget 2009 Estimate for 09/10 $32.4B Budget 2009 Estimate for 10/11 $46.4B Budget 2009 Estimate for 11/12 $57.5B Budget 2009 Estimate for 12/13 $68.7B Budget 2009 Budget 2010 Estimate for 08/09 $20.7B Budget 2010 Estimate for 09/10 $31.6B Budget 2010 Estimate for 10/11 $46.6B Budget 2010 Estimate for 11/12 $55.0B Budget 2010 Estimate for 12/13 $62.6B Budget 2010 Estimate for 13/14 $68.7B Budget 2010 Budget 2011 Estimate for 09/10 $31.7B Budget 2011 Estimate for 10/11 $48.4B Budget 2011 Estimate for 11/12 $60.8B Budget 2011 Estimate for 12/13 $69.8B Budget 2011 Estimate for 13/14 $75.2B Budget 2011 Estimate for 14/15 $78.2B Budget 2011 Budget 2012 Estimate for 10/11 $46.8B Budget 2012 Estimate for 11/12 $57.5B Budget 2012 Estimate for 12/13 $67.2B Budget 2012 Estimate for 13/14 $72.5B Budget 2012 Estimate for 14/15 $74.8B Budget 2012 Estimate for 15/16 $75.5B Budget 2012 Budget 2013 Estimate for 11/12 $56.1B Budget 2013 Estimate for 12/13 $63.6B Budget 2013 Estimate for 13/14 $70.6B Budget 2013 Estimate for 14/15 $73.2B Budget 2013 Estimate for 15/16 $74.4B Budget 2013 Estimate for 16/17 $74.8B Budget 2013 Budget 2014 Estimate for 12/13 $61.3B Budget 2014 Estimate for 13/14 $64.8B Budget 2014 Estimate for 14/15 $68.2B Budget 2014 Estimate for 15/16 $69.8B Budget 2014 Estimate for 16/17 $69.7B Budget 2014 Estimate for 17/18 $67.8B Budget 2014 Budget 2015 Estimate for 13/14 $65.3B Budget 2015 Estimate for 14/15 $66.1B Budget 2015 Estimate for 15/16 $70.1B Budget 2015 Estimate for 16/17 $71.4B Budget 2015 Estimate for 17/18 $70.3B Budget 2015 Estimate for 18/19 $67.4B Budget 2015 Budget 2016 Estimate for 14/15 $65.0B Budget 2016 Estimate for 15/16 $66.5B Budget 2016 Estimate for 16/17 $70.6B Budget 2016 Estimate for 17/18 $71.4B Budget 2016 Estimate for 18/19 $68.3B Budget 2016 Estimate for 19/20 $63.2B Budget 2016 Budget 2017 Estimate for 15/16 $66.1B Budget 2017 Estimate for 16/17 $66.2B Budget 2017 Estimate for 17/18 $67.0B Budget 2017 Estimate for 18/19 $67.7B Budget 2017 Estimate for 19/20 $65.0B Budget 2017 Estimate for 20/21 $62.8B Budget 2017 Budget 2018 Estimate for 16/17 $63.3B Budget 2018 Estimate for 17/18 $63.2B Budget 2018 Estimate for 18/19 $66.1B Budget 2018 Estimate for 19/20 $66.7B Budget 2018 Estimate for 20/21 $67.6B Budget 2018 Estimate for 21/22 $66.4B Budget 2018 Budget 2019 Estimate for 17/18 $60.1B Budget 2019 Estimate for 18/19 $62.1B Budget 2019 Estimate for 19/20 $65.5B Budget 2019 Estimate for 20/21 $69.2B Budget 2019 Estimate for 21/22 $69.3B Budget 2019 Estimate for 22/23 $66.9B Budget 2019 Budget 2020 Estimate for 18/19 $59.5B Budget 2020 Estimate for 19/20 $90.1B Budget 2020 Estimate for 20/21 $129B Budget 2020 Estimate for 21/22 $162B Budget 2020 Estimate for 22/23 $184B Budget 2020 Estimate for 23/24 $192B Budget 2020 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 $0.00 $100B $200B
