Changes to the government’s targets in its budget update give it room to spend more.
Neither Treasurer Josh Frydenberg nor Finance Minister Mathias Cormann would commit to banking the proceeds of improved economic circumstances.
Mick Tsikas/AAP
When assessed by the government’s own rules, MYEFO fails. The government is spending the latest revenue windfall even though it promised not to.
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