The dominant forces in the Coalition seem to have learnt their lesson: Australia’s economy still needs serious budget support.
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Articles on mid year economic and fiscal outlook
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Budget update shows the government has a big election war chest, and an optimist economic outlook
Thursday’s budget update will forecast one million jobs will be created over the next four years and unemployment will fall to 4.25% by June 2023.
Economist Ross Guest unpacks some of the key numbers in the government’s mid year budget update, with seven charts.
The government has revised down its forecast for economic growth to 2.5% and an expected deficit of $37.4 billion.
“At the moment, we are spending over $100 million a day more than we’re collecting in revenue. Now that’s unsustainable, particularly given we’re spending nearly $40 million a day on the interest on the…
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…
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…
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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Professorial Fellow, University of Canberra
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