The 2018-19 Mid-Year Economic and Fiscal Outlook (MYEFO) has been released. The underlying cash balance is now forecast to improve from a $14.5 billion deficit at Budget to a $5.2 billion deficit in 2018-19, due to increased tax revenue. MYEFO also forecasts the Budget to reach a surplus of $4.1 billion in 2019-20.

2018-19 Mid-Year Economic and Fiscal Outlook

Media Release by Treasurer and Finance Minister

2018–19 Mid-Year Economic and Fiscal Outlook Snapshot, prepared by the Parliamentary Budget Office.

 

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