Australian budgetFeatured Article

MYEFO stinks it up

Leith van Onselen
Monday, 15 December 2014
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By Leith van Onselen

The Mid-Year Economic and Fiscal Outlook (MYEFO) has been released, and as expected it stinks.

The key Budget outcomes are shown in the below table, which shows the aggregates against the May Budget. As you can see, there has been a $43.7 billion deterioration in the Budget over the forward estimates:

ScreenHunter_5468 Dec. 15 14.14

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.