Articles on mid year economic and fiscal outlook

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Scott Morrison and Mathias Cormann unveil the Mid Year Economic and Fiscal Outlook for 2015-2016.

MYEFO 2015 at a glance

The government has revised down its forecast for economic growth to 2.5% and an expected deficit of $37.4 billion.
In the dark? Ignoring revenue has stymied Australia’s budget debate. Shutterstock

Without revenue, Australia can only have half a budget debate

The missing element in this week’s mid-year economic and fiscal outlook, and more broadly, in current government policy, stares Australians in the face. Revenue needs to be increased. Increasing taxes…
To prevent future pain, the government can’t put off tough decisions on tax. Lukas Coch/AAP

Why it’s time to hike the GST and levy an inheritance tax

The government’s recent budget outlook (MYEFO) confirmed that the Australian government budget is rotten at the core. The government is hopelessly living beyond its means, with expenditure greater than…
Deficits in the longer term are not sustainable. AAP

Structural deficit is Hockey’s elephant in the room

Media reports preceding the mid year economic and fiscal outlook suggest we should expect a deficit of just under A$50 billion, a further deterioration of Australia’s budget position since the pre-election…

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