sec.171Long-term financial forecast

### sec.171 Long-term financial forecast A local government’s long-term financial forecast is a forecast, covering a period of at least 10 years, of the following for each year during the period of the forecast— income of the local government; expenditure of the local government; the value of assets, liabilities and equity of the local government. The local government must— consider its long-term financial forecast before planning new borrowings; and review its long-term financial forecast annually. (sec.171-ssec.1) A local government’s long-term financial forecast is a forecast, covering a period of at least 10 years, of the following for each year during the period of the forecast— income of the local government; expenditure of the local government; the value of assets, liabilities and equity of the local government. (sec.171-ssec.2) The local government must— consider its long-term financial forecast before planning new borrowings; and review its long-term financial forecast annually. - (a) income of the local government; - (b) expenditure of the local government; - (c) the value of assets, liabilities and equity of the local government. - (a) consider its long-term financial forecast before planning new borrowings; and - (b) review its long-term financial forecast annually.