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Showing 1 - 10 of 40 results for "Fiscal Outlook"

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
... hostilities and risks to the economy are "more significant than expected" as it releases its Pre-election Economic and Fiscal Outlook (PEFO). While the government's Budget figures have not changed since they were announced on March 25, the PEFO report ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... surpluses in nearly two decades and smaller deficits and lower debt compared to the 2022 Pre-election Economic and Fiscal Outlook (PEFO)," Budget documents said. "The Budget position is cumulatively $207 billion better than PEFO over the seven years ...

Deficit to reach $26bn: Deloitte

KARREN VERGARA  |  MONDAY, 17 MAR 2025
... marks a $0.8 billion improvement from the projected $26.9 billion deficit in the 2024-25 mid-year economic and fiscal outlook (MYEFO), primarily driven by revenue upgrades. "However, starting in 2025-26, this trend is expected to reverse, with deficits ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
Treasurer Jim Chalmers has called his government's mid-year economic fiscal outlook (MYEFO) a "responsible set of books" despite major budget deficits likely to continue for a decade. The MYEFO forecasted a budget deficit of $26.9 billion for 2024-25 ...

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... global public debt will surpass US$100 trillion by the end of 2024 and will approach 100% of GDP by 2030. "The fiscal outlook of many countries might be worse than expected for three reasons: large spending pressures, optimism bias of debt projections ...

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... not expecting we could be back to the inflation target this year, not next." 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. ...

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 ...
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