Compared to this year’s budget, MYEFO (the Mid Year Economic and Fiscal Outlook) is forecasting:
- A larger deficit in 2015-16: $37.4 billion compared to 35.1 billion in the Budget.
- Lower growth in 2015-16: 2.5 per cent compared to 2.75 per cent in the Budget.
- Less Revenue in 2015-16: $410 billion compared to $405.4 billion in the Budget.
- A later return to surplus: now forecast for 2020/21, a year later than forecast in the Budget.
Read the full document here.
Recent Comments
Income Tax should encourage physical workers to work and not…
If one is concerned about inequality (especially intergenera…
Many politicians do think throwing money at a problem solves…