Office for Budget Responsibility: Forecasts

Treasury written question – answered am ar 20 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Bim Afolami Bim Afolami The Economic Secretary to the Treasury

The OBR is required by legislation to publish an evaluation of its forecasts against outturn data each year, and in 2023 also published a working paper assessing its historic forecast performance since it was established. The paper showed that its GDP growth and borrowing forecasts were comparable to external forecasters, and more accurate than previous Treasury forecasts.

The OBR is reviewed externally every five years.

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