At The Oz, David Uren begs Treasury to pull its finger out today, quite rightly:
If the economy had behaved in line with Treasury’s predictions for it over the past five years, the economy would be $90 billion bigger than it is and the budget would be heading for a surplus.Treasury is facing yet another downgrade in its medium-term outlook in next week’s budget with its projections that the economy will bounce back to normal rates of growth over the next three years out of step with a slowing global trend.