In accordance with the provisions of Article 28 of the Constitution, my Department publishes the ‘White Paper’, the estimates of receipts and expenditure for this year and next in a 'no policy change' scenario, in advance of the Budget each year.
In order to ensure that the latest macroeconomic and fiscal data are incorporated into the estimates the practice has been to publish the White Paper on the Friday before the Budget. This helps ensure that differences between the White Paper estimates and the Budget 2023 projections are, in general, only due to Budget decisions, which enhances the transparency of the budgetary process.
My department will continue this practice this year with the publication of the White Paper on Friday September 23rd.