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Articles on PEFO

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The Federal Budget is put together by the Department of Finance and Treasury, unlike PEFO. Mick Tsikas/AAP

Australia needs a better independent fiscal agency

The Pre-election Fiscal Outlook shows two things, the ridiculousness of 10 year forecasts and that we need a tougher Parliamentary Budget Office.

Infographic: PEFO 2016 at a glance

Your at a glance guide to all the figures in the Pre-election Financial and Economic Outlook statement for the 2016 election.
The Pre-election Fiscal and Economic Outlook is prepared by the Treasurer’s advisers, but the Intergenerational Report is the Treasurer’s document. Lukas Coch/AAP

Time to rethink the Charter of Budget Honesty

Forecasts released under the Charter of Budget Honesty are on the wrong time horizon and need greater transparency.
Cuts to Australia’s clean energy programs don’t make the promised savings, and threaten our low-carbon future. AAP Image/Penny Bradfield

Coalition climate figures don’t add up

Shadow Treasurer Joe Hockey and shadow Minister for Finance, Andrew Robb, have announced A$7.5 billion in planned budget savings from scrapping key elements of the Government’s Clean Energy Future package…
The economic costings from both parties rely on wildly optimistic PEFO figures. AAP

Electoral promises of both parties hang on precarious PEFO forecasts

The economic promises of both the Coalition and the ALP rely on two “big taxes”: the mining tax and the carbon tax. This week, the Coalition revealed what it believes it will save from abolishing them…
The Pre-election Economic and Fiscal Outlook, to be released today, began during John Howard’s term in government. AAP/Bluey Thomson

Explainer: Pre-election Economic and Fiscal Outlook

The Pre-Election Economic and Fiscal Outlook report (PEFO) is a recent development in Australian politics. It emerged as part of the Charter of Budget Honesty Act 1998 during the first term of the Howard…

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