The treasurer says there’s ‘likely to be billions of dollars extra’ in higher bills on government debt in December’s budget update.
Articles on MYEFO
Displaying 1 - 20 of 69 articles
The drivers of the improvement are largely outside the government’s control. Meanwhile, total debt is projected to exceed $1 trillion for the first time by mid-2027.
Wednesday’s budget update will project a better budget deficit then what was predicted.
As the expenses affairs continues to roll through the Albanese government with Attorney-General Michelle Rowland needing to repay some of the money she billed taxpayers.
After two successive surpluses, the federal budget will be back in deficit for 2024-25, according to the much anticipated budget update.
The budget is headed for a deficit of $26.9 billion this financial year but in the following three years the budget is forecast to be deeper in the red than earlier forecast.
Wednesday’s mid-year budget update will downgrade company tax receipts by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates.
The economy is expected to grow and there are other positive signs ahead but the mid-year economic update has revealed the government will need to keep inflation in check.
The Mid-Year Economic and Fiscal Outlook (MYEFO) shows the federal budget is headed for a small $1.1 billion deficit this financial year, according to the update.
Politics with Michelle Grattan: Josh Frydenberg ‘thinking about the budget’ over Christmas
Michelle Grattan speaks with Treasurer Josh Frydenberg about the mid-year budget update, his optimism about the economy and the election.
The dominant forces in the Coalition seem to have learnt their lesson: Australia’s economy still needs serious budget support.
The government budgets for the unannounced because it doesn’t want its projections to “blow out” during the campaign.This gives us an idea of how much, but not what, is in store.
Budget update shows the government has a big election war chest, and an optimist economic outlook
If you are aged 70 with a million dollar home you could get up to $308,000 per year from a little-known scheme with risks.
Politics with Michelle Grattan: Treasurer Josh Frydenberg on promising budget figures
Michelle Grattan discusses MYEFO with Treasurer Josh Frydenberg.
The economic recovery is looking more and more V-shaped, the budget recovery will be much slower.
The federal government has announced A$850 million for 10,000 additional home-care packages, as part of $1 billion for aged care. Here’s why that’s not nearly enough.
The government will inject a further $1 billion into aged care, most of it for home care packages, in Thursday’s budget update.
He is trying to transition out of stage one while drawing up stage three.
I’d hoped to keep my absence nice and private, especially from those quiet Australians fighting fires. Regrettably, despite best efforts, my press office wasn’t able to keep a lid on the story.
Top contributors
-
Professorial Fellow, University of Canberra
-
Scientia Professor of Economics, UNSW
-
Professor of Economics, University of Canberra
-
Senior lecturer, Canberra School of Government, University of Canberra
-
Democracy Deputy Program Director, Grattan Institute
-
Chief executive officer, Grattan Institute
-
Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
-
Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne
-
Professorial Fellow in the Department of Economics, The University of Melbourne
-
Professor of Institutional Economics, RMIT University
-
Industry Professor, University of Technology Sydney
-
Lecturer, Department of Economics, Federation University Australia
-
Senior Lecturer, Department of Banking and Finance, Monash University
-
Professor of Economics, Monash University
-
Visiting Professor of Tax Law, New York University, and Professor of Law, The University of Melbourne