Media Room

Treasurer releases MYEFO

Today, Treasurer Joe Hockey released the Government’s Mid-Year Economic and Fiscal Outlook (MYEFO).

The latest budget figures and revenue forecasts reveal a $47 billion deficit in 2013-14, and $123 billion of accumulated deficits over the forward estimates.  Without policy change or remedial action, budget deficits would be projected every year to 2023-24.

The deterioration of the budget position follows Labor’s Economic Statement, released just days before the 7 September federal … Read more »

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