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The 2025-26 Mid-Year Economic and Fiscal Update (MYEFO) was released on Wednesday.
The key economic forecasts are shown below.
Headline Findings
Deficit improvement:
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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.