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    • The Legislative Reference Library has archived the following electronic versions of this document. There may be other documents available.

    Economic forecast.

    Publisher: Minnesota Management and Budget.

    2025 Feb.

    Forecast
    https://www.lrl.mn.gov/docs/2025/mandated/250615.pdf
    February 2025 Budget and Economic Forecast Presentation
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-presentation.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-fba-summary.pdf
    General Fund Analysis - Detail
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-gf-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-gf-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-historical-expenditures.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-hcaf.pdf
    Family and Medical Benefit Insurance Fund Statement
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-pfml.pdf
    Premium Security Plan Account
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-pspa.pdf
    Driver and Vehicle Services Operating Account Statement
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-dvs.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-dcf-final.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2025/mandated/250615/feb25-pog.pdf

    2024 Nov.

    Forecast
    https://www.lrl.mn.gov/docs/2024/mandated/241666.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-fba-summary.pdf
    General Fund Analysis - Detail
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-gf-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-fba-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-gf-spend-by-major-area.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov-24-hcaf.pdf
    Family and Medical Benefit Insurance Fund Statement
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-pfml.pdf
    Premium Security Plan Account
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-pspa.pdf
    Driver and Vehicle Services Operating Account Statement
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-dvs.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-dcf-final.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2024/mandated/241666/nov24-pog.pdf

    2024 Feb.

    Forecast
    https://www.lrl.mn.gov/docs/2024/mandated/240389.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-fba-summary.pdf
    General Fund Analysis - Detail
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-gf-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-gf-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-gf-spend-by-major-area.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-hcaf.pdf
    Premium Security Plan Account
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-pspa.pdf
    Driver and Vehicle Services Operating Account Statement
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-dvs.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-dcf.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2024/mandated/240389/feb24-pog.pdf

    2023 Nov.

    Forecast
    https://www.lrl.mn.gov/docs/2023/mandated/231940.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-fba-summary.pdf
    General Fund Analysis - Detail
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-fba.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-gf-fba-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-fba-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-gf-spending-by-major-area.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-hcaf.pdf
    Premium Security Plan Account
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-pspa.pdf
    Driver and Vehicle Services Operating Account Statement
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-dvs.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-dcf.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2023/mandated/231940/nov23-pog.pdf

    2023 Feb.

    Forecast
    https://www.lrl.mn.gov/docs/2023/mandated/230501.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-fba-summary.pdf
    General Fund Analysis - Detail
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-fba-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-fba-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-gf-spend-by-major-area.pdf
    Stadium Reserve (FY 2018-27)
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-stadium-reserve.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-hcaf.pdf
    Premium Security Plan Account
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-pspa.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-dcf.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2023/mandated/230501/feb23-pog.pdf

    2022 Nov.

    Forecast
    https://www.lrl.mn.gov/docs/2022/mandated/221601.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-fba-summary.pdf
    General Fund Analysis - Detail
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-fba-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-fba-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-gf-spend-by-major-area.pdf
    Stadium Reserve (FY 2018-27)
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-stadium-reserve.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-hcaf.pdf
    Premium Security Plan Account
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-pspa.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-dcf.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2022/mandated/221601/nov22-pog.pdf

    2022 Feb.

    Forecast
    https://www.lrl.mn.gov/docs/2022/mandated/220394.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-fba-summary.pdf
    General Fund Balance - Detail
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-fba-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-fba-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-historical-expenditures.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-gf-spending-since-1990.pdf
    Stadium Reserve
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-stadium-reserve-appendix.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-hcaf.pdf
    Premium Security Plan Account Summary
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-pspa.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-dcf.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2022/mandated/220394/feb22-pog.pdf

    2021 Nov.

    Forecast
    https://www.lrl.mn.gov/docs/2021/mandated/211117.pdf
    General Fund Analysis - Summary
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-fba-summary.pdf
    General Fund Balance - Detail
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-fba-detail.pdf
    Consolidated Fund Statement
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21-cfs.pdf
    General Fund Balance Financial Summaries
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-gf-financial-summaries.pdf
    General Fund Pie Charts
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-fba-pie-charts.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-historical-exp.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst -gf-spend-by-major-area-since-1990.pdf
    Stadium Reserve (FY 2016-25)
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-stadium-reserve.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-hcaf.pdf
    Premium Security Plan Account Summary
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-premium-security-plan-account.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21fcst-dcf.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2021/mandated/211117/nov21-pog.pdf

    2021 Feb.

    Forecast
    https://www.lrl.mn.gov/docs/2021/mandated/210287.pdf
    Transmittal Letter - Revising General Fund Balance
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb-21-restate-for-tobacco-settlement-letter.pdf
    General Fund Balance Analysis - Summary - Revised March 31, 2021
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-fba-summary-revised.pdf
    General Fund Balance Analysis - Detail - Revised March 31, 2021
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-fba-detail-revised.pdf
    Consolidated Fund Statement - Revised March 31, 2021
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-cfs-revised.pdf
    Legacy FY 2021 Holdback Release Memo and Statements - April 29, 2021
    https://www.lrl.mn.gov/docs/2021/mandated/210287/legacy-holdback-release-memo-and-statements-4-29-2021.pdf
    General Fund Balance Financial Summaries - Revised March 31, 2021
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-fba-financial-summaries-revised.pdf
    General Fund Pie Charts - Revised March 31, 2021
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-fba-pie-charts-revised.pdf
    General Fund Spending by Major Area (Since 1990)
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-fba-spend-by-major-area-since-1990.pdf
    Stadium Reserve (FY 2016-25)
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-stadium-reserve-appendix.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-pog.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-hcaf.pdf
    Premium Security Plan Account Summary
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-premium-security-plan-account.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2021/mandated/210287/feb21fcst-dcf.pdf

    2020 Nov.

    Forecast
    https://www.lrl.mn.gov/docs/2020/mandated/201139.pdf
    November Forecast Transmittal and Revision Memo
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-transmittal-letter_tcm1059-457350.pdf
    General Fund Balance Analysis - Summary - Reposted for Revision
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-fba-summary_tcm1059-456878.pdf
    General Fund Balance Analysis - Detail - Reposted for Revision
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-fba-detail_tcm1059-456877.pdf
    Consolidated Fund Statement - Republished for Error Correction
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-cfs-revised_tcm1059-457497.pdf
    General Fund Balance Financial Summaries - Reposted for Revision
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-gf-financial-summaries_tcm1059-456901.pdf
    General Fund Pie Charts - Reposted for Revision
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-gf-pie-charts_tcm1059-456890.pdf
    Historical Expenditures
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-historical-expenditures_tcm1059-457743.pdf
    General Fund Spending by Major Area (Since 1990) - Reposted for Revision
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-gf-spend-by-major-area_tcm1059-456902.pdf
    Stadium Reserve (FY 2016-25)
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-stadium-reserve-appendix_tcm1059-456888.pdf
    Price of Government
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-pog_tcm1059-469466.pdf
    Health Care Access Fund Statement
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-pog_tcm1059-469466.pdf
    Premium Security Plan Account Summary
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-premium-security-plan-account-update_tcm1059-457611.pdf
    Debt Capacity Report
    https://www.lrl.mn.gov/docs/2020/mandated/201139/nov20fcst-dcf_tcm1059-457306.pdf

    2020 Feb.

    https://www.lrl.mn.gov/docs/2020/mandated/200332.pdf

    2019 Nov.

    https://www.lrl.mn.gov/docs/2019/mandated/191229.pdf

    2019 Feb.

    https://www.lrl.mn.gov/docs/2019/mandated/190360.pdf

    2018 Nov.

    https://www.lrl.mn.gov/docs/2018/mandated/181196.pdf

    2018 Feb.

    https://www.lrl.mn.gov/docs/2018/mandated/180276.pdf

    2017 Nov.

    https://www.lrl.mn.gov/docs/2017/mandated/171245.pdf

    2017 Feb. Revised

    https://www.lrl.mn.gov/docs/2017/mandated/170508.pdf

    2017 Feb.

    https://www.lrl.mn.gov/docs/2017/mandated/170425.pdf

    2016 Nov.

    https://www.lrl.mn.gov/docs/2016/mandated/161218.pdf

    2016 Feb.

    https://www.lrl.mn.gov/docs/2016/mandated/160474.pdf

    2015 Nov.

    https://www.lrl.mn.gov/docs/2015/mandated/151306.pdf

    2015 Feb.

    https://www.lrl.mn.gov/docs/2015/mandated/150392.pdf

    2014 Nov.

    https://www.lrl.mn.gov/docs/2015/mandated/150305.pdf

    2014 Feb.

    https://www.lrl.mn.gov/docs/2014/mandated/140329.pdf

    2013 Nov.

    https://www.lrl.mn.gov/docs/2013/mandated/130726.pdf

    2013 Feb.

    https://www.lrl.mn.gov/docs/2013/mandated/130446.pdf

    2012 Nov.

    https://www.lrl.mn.gov/docs/2012/mandated/121181.pdf

    2012 Feb.

    https://www.lrl.mn.gov/docs/2012/mandated/120294.pdf

    2011 Nov.

    https://www.lrl.mn.gov/docs/2011/mandated/110926.pdf

    2011 Feb.

    https://www.lrl.mn.gov/docs/2011/mandated/110298.pdf

    2010 Nov.

    https://www.lrl.mn.gov/docs/2010/mandated/101445.pdf

    2010 Feb.

    https://www.lrl.mn.gov/docs/2010/mandated/100359.pdf

    2009 Nov.

    https://www.lrl.mn.gov/docs/2009/mandated/091206.pdf

    2009 Feb.

    https://www.lrl.mn.gov/docs/2009/mandated/090345.pdf

    2008 Nov.

    https://www.lrl.mn.gov/docs/2008/mandated/080992.pdf

    2008 Feb.

    https://www.lrl.mn.gov/docs/2008/mandated/080282.pdf

    2007 Nov.

    https://www.lrl.mn.gov/docs/2007/mandated/070723.pdf

    2007 Feb.

    https://www.lrl.mn.gov/docs/2007/mandated/070260.pdf

    2006 Nov

    https://www.lrl.mn.gov/docs/2007/mandated/070223.pdf

    2006 Feb.

    https://www.lrl.mn.gov/docs/2006/Mandated/060192.pdf

    2005 Nov.

    https://www.lrl.mn.gov/docs/2005/mandated/050656.pdf

    2005 Feb.

    https://www.lrl.mn.gov/docs/2005/mandated/050215.pdf

    2004 Nov.

    https://www.lrl.mn.gov/docs/2004/mandated/040613.pdf

    2004 Feb.

    https://www.lrl.mn.gov/docs/2004/mandated/040349.pdf

    2003 Nov.

    https://www.lrl.mn.gov/docs/2004/mandated/040347.pdf

    2003 Feb.

    https://www.lrl.mn.gov/docs/2004/mandated/040348.pdf

    2002 Nov.

    https://www.lrl.mn.gov/docs/2004/mandated/040346.pdf

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