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Comments on Peter Martin: Newsflash: They are rolling in it.





Updated: 2015-09-30T08:04:03.541+10:00

 



Treasury are happy to consistently underestimate t...

2007-09-03T10:23:00.000+10:00

Treasury are happy to consistently underestimate the revenue side of the budget. They have been doing it for years. John in the trackback points out one advantage -- managing the news and being able to 'exceed expectations' (there's a downside when it comes to the Budget: "we taxed more than you thought we would"). It also covers the downside risk John mentions

But there is another important reason they do it. It acts to curb the penchant for spending of other ministers. Just like the jam jars are designed to do...



It always amuses me that Treasury consistently get...

2007-08-25T21:50:00.000+10:00

It always amuses me that Treasury consistently gets this wrong, considering that it requires families to predict their income up to a year ahead for things like family tax benefit. Not exactly a good example to be setting.



Trackback: I'm not so sure that the "mistake" is ...

2007-08-22T00:13:00.000+10:00

Trackback: I'm not so sure that the "mistake" is accidental or even that surprising (to the Treasury).



PeterIs it a good thing that treasury gets it's nu...

2007-08-21T20:41:00.000+10:00

Peter

Is it a good thing that treasury gets it's numbers so consistently wrong? Who is responsible for the mistake - in this case an error of 27%. If it had gone 27% the other way who would have copped it?