AU Mid-Year Economic and Fiscal Outlook
Domestic government spending and borrowing levels can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;
This document provides an updated economic outlook, growth forecasts, and compares the government's fiscal performance to the strategy outlined in the prior Annual Budget;
- History
Expected Impact / Date | Description |
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Dec 17, 2024 | |
Dec 12, 2023 | |
Dec 15, 2021 | |
Dec 16, 2020 | |
Dec 15, 2019 | |
Dec 16, 2018 | |
Dec 17, 2017 | |
Dec 18, 2016 | |
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- AU Mid-Year Economic and Fiscal Outlook News
- From theguardian.com|Dec 18, 2024
Among those poring over today’s release of the Albanese government’s midyear budget scorecard will be Reserve Bank economists and those millions of borrowers holding out for early interest rate relief. Here are some of the key economic takeaways from the midyear economic and fiscal outlook: 1. Lower growth forecasts will trigger cascading revisions: The weaker-than-predicted third-quarter gross domestic product (GDP) growth result was probably the nadir in this part of the budget cycle, with annual expansion running at a 0.8% pace. ...
- From ministers.treasury.gov.au|Dec 13, 2023
The 2023‑24 Mid‑Year Economic and Fiscal Outlook (MYEFO) is all about responsible economic management because that’s the best way to put downward pressure on inflation and ease cost‑of‑living pressures. This responsible economic management has helped engineer an historic turnaround in the Budget position, but we know there’s more work to do. Our three‑part economic plan is to ease cost‑of‑living pressures, repair the Budget and invest in the foundations of future growth. We know people are struggling and our economy is slowing, which ...
- From theconversation.com|Dec 13, 2023
The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning. This is an improvement of $12.8 billion compared to the deficit forecast in the May budget. It suggests the final figure for the financial year might end up a surplus. If so, that would be the second year the Albanese government delivered a surplus. Anxious to continue the fight against inflation, the government has not used the update ...
- From theguardian.com|Dec 16, 2021
The government has set aside an election war chest from $15.9bn in mystery spending in a mid-year budget update that warns of significant economic risks ahead. But despite the treasurer hailing an “incredible” set of job numbers, which shows Australia’s unemployment rate will fall comfortably below 5% next year, the government is holding off the task of budget repair until “economic recovery is secure”. “These gains are not yet locked in,” Josh Frydenberg said on Thursday as he announced the mid-year economic and fiscal outlook ...
- From youtube.com/markets|Dec 15, 2019|1 comment
Australian Finance Minister Mathias Cormann discusses the government’s mid-year budget and his outlook for the Australian economy. He speaks on “Bloomberg Daybreak: Asia”
- From fxstreet.com|Dec 15, 2019
Australia Economic And Fiscal Outlook: Sees Surplus Of A$6.1 Bln In 19/20, Down From A$11.0 Bln Seen in April • Sees Underlying Cash Balance Of A$5.0 Bln In 19/20 • Lowers 19/20 GDP Estimate To 2.25% From 2.75% • Lowers 19/20 Wage Growth Estimate To 2.50% From 2.75% • Sees Surplus Of A$6.1 Bln In 19/20, Down From A$11.0 Bln Seen in April • Sees Underlying Cash Balance Of A$5.0 Bln In 19/20 • Lowers 19/20 GDP Estimate To 2.25% From 2.75% • Lowers 19/20 Wage Growth Estimate To 2.50% From 2.75%Mid-Year Economic and Fiscal ...
- From abc.net.au|Dec 16, 2018
A surge in mining industry profits and tax revenue have boosted Commonwealth coffers and allowed the Federal Government to forecast a bigger-than-expected surplus next year. The Government has received $8.3 billion more than it expected in the first half of this financial year, thanks largely to greater collections of individual and company taxes. It now expects to deliver a $4.1 billion surplus in 2019-20. The Government Mid-Year Economic and Fiscal Outlook (MYEFO) projects wage growth below forecasts from the May budget. The ...
Released on Dec 17, 2024 |
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Released on Dec 12, 2023 |
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Released on Dec 15, 2021 |
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Released on Dec 15, 2019 |
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Released on Dec 16, 2018 |
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