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The Times

Mid-year budget update will project deficit of nearly $37 billion for current financial year

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Wednesday’s budget update will project a deficit of $36.8 billion for this financial year, which is $5.4 billion better than forecast in the Pre-election Economic and Fiscal Outlook (PEFO) issued before the May election.

The update projects deficits that are slightly better in every year over the forward estimates than forecast at the...

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