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Showing 1 - 10 of 34 results for "Fiscal Outlook"

Chalmers expected to deliver Budget surplus

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... less than the $69 billion we booked in the latest mid-year budget update." In the 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO) the government revealed a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. ...

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
The federal government has released its 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), revealing a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. Since the last election, the government has identified ...

Ageing population measures needs rethink: Mercer

KARREN VERGARA  |  TUESDAY, 29 AUG 2023
... states that the falling old-age dependency ratio represents challenges for Australia's long-term economic growth and fiscal outlook, with the number of working-age people for every person aged 65 and over will decrease from 6.6 in 1982 to 2.7 in 2061. ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... government's agenda - with popularity possibly trumping the effectiveness of policies. In December's mid-year economic and fiscal outlook, the government allocated $16 billion to "decisions taken but not yet announced and not for publication". While ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... contribute to its growth renaissance, it'll also reduce Australia's budget deficit. In its Mid-Year Economic and Fiscal Outlook (MYEFO) handed down in December 2020, the Treasury forecast that iron ore prices will drop to US$55.0 per tonne by ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... is due to China's strong growth- the world's biggest importer of iron ore. In its Mid-Year Economic and Fiscal Outlook (MYEFO) handed down in December 2020, the Treasury forecast that iron ore prices will drop to US$55.0 per tonne by the end ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
... partial commutation of legacy pensions. The change was announced in the federal government's mid-year economic and fiscal outlook (MYEFO), which was released last December. Retirees with legacy products, who were previously unable to commute amounts ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... the price of iron ore is way above the Australian Federal Treasury's forecast. In its Mid-Year Economic and Fiscal Outlook (MYEFO) handed down in October, it maintained its assumption for iron ore prices to drop to US$55 per tonne. The Budget Papers ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
... economy. The continued buoyancy in iron ore prices offer it extra spending power. In its Mid-Year Economic and Fiscal Outlook (MYEFO) handed down in July and incorporating the coronavirus pandemic, it maintained its assumption that iron ore prices will ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... Cormann said it was through no fault of their own, saying unemployment will peak at 9.25%. They said the economic and fiscal outlook remains highly uncertain and will provide further forecasts and projections over the forward estimates period and medium ...
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