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Showing 1 - 10 of 39 results for "MYEFO"

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... sector will contribute $25.6 billion to the government's bottom line in 2025-26 - an uplift of $9.7 billion since the MYEFO from taxes on the sector. "The upgrade to superannuation fund taxes reflects higher-than-expected current year collections ...

Deficit to reach $26bn: Deloitte

KARREN VERGARA  |  MONDAY, 17 MAR 2025
... 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 projected ...

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 ...

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... 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
... 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. Since ...

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 ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... the measures, the government has reviewed and opted to not proceed with several legacy measures. These include the 2013-14 MYEFO measure that proposed to amend the debt/equity tax rules; the 2016-17 Budget measure that proposed changing the taxation ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... 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 the end of September ...

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

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... 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 of September ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... compares with the 8.0% unemployment rate the RBA forecast for end-year 2020 and lower than the Treasury's already lowered MYEFO (Mid-Year Economic and Financial Outlook) prediction for the jobless rate to "peak at 71/2 per cent in the March quarter ...
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Editor's Choice

Regal leads $30m note in Carma

ANDREW MCKEAN  |   12:45PM
Regal Funds Management and Tiger Capital have led a $30 million convertible note in used car marketplace Carma, with participation from existing backers like General Catalyst and Five V Capital.

AustralianSuper bins WiseTech stake

ANDREW MCKEAN  |   12:40PM
AustralianSuper has sold down the remainder of its already-trimmed WiseTech stake, alluding to concerns about how the company is handling its founder Richard White's role.

Infocus adds to leadership team

JAMIE WILLIAMSON  |   12:42PM
The national advice group welcomed an executive general manager, strategic relationships after also adding a chief financial and operations officer.

Australia can lead energy transition, climate investing: Panel

KARREN VERGARA  |   12:39PM
Australia should seize the next four years as an opportunity to be a leader in climate investing and the energy transition by taking advantage of the US President Donald Trump's hardline anti-ESG stance, a panel of experts say.

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