Mid-year budget update will project deficit of nearly $37 billion for current financial year
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Wednesday’s budget update will project a deficit of $36.8 billion for this financial year, which is $5.4 billion better than forecast in the Pre-election Economic and Fiscal Outlook (PEFO) issued before the May election.
The update projects deficits that are slightly better in every year over the forward estimates than forecast at the...
Daily Bulletin
