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 »
