Chapter 2 sets out our forecasts for the economy over a five year horizon. We cover our assumptions regarding the coronavirus pandemic, set out our latest forecast and the effect of policies in the Budget and Spending Review 2021.
Chapter 3 sets out our forecasts for receipts and public spending over a five year horizon. We also explain our loans and other financial transactions forecasts. All this, together with new policy decisions, builds the outlook for borrowing and debt.
In Chapter 4, we assess the Government against its fiscal targets and present the significant uncertainty around our forecast. We examine whether the Government has a better than 50 per cent chance of meeting them on current policy.
Annex A covers the policy decisions since March and Annex B sets out the major balance sheet interventions during the financial crisis and pandemic.