Income Forecasting Group (IFG): Establishment

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A decision made 9 February 2015:

Decision Reference: MD-TR-2014-0153
Decision Summary Title:	Establishment of Income Forecasting Group		Date of Decision Summary:	15 December 2014
Decision Summary Author:	Interim Treasurer of the States		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Establishment of Income Forecasting Group		Date of Written Report:	15 December 2014
Written Report Author:	Head of Financial Planning		Written Report : Public or Exempt?	Public
Subject: Establishment of a new Income Forecasting Group (IFG).
Decision(s): The Minister for Treasury and Resources approved the formation of a new IFG to advise on the forecasts of all States income from taxation. The Minister also approved the IFG Terms of Reference as attached at Appendix 1 of the attached report.
Reason(s) for Decision: The proposals for a new IFG will establish a process through which all States tax and duty forecasts are reviewed. The proposals will also formalise the reporting of States tax and duty forecasts as recommended by the Corporate Services Scrutiny Panel S.R.12/2014 and by the Economic Adviser as part of R102/2014.
Resource Implications: There are no financial or manpower implications as a result of the approval of this Ministerial Decision.
Action required: Interim Treasurer of the States to establish the Income Forecasting Group.
Signature:		Position: Senator A J H Maclean, Minister for Treasury and Resources
Date Signed:		Date of Decision: