The Conversation

Surplus before spending. Frydenberg's risky MYEFO strategy

Author: Stephen Bartos, Visiting Fellow, Crawford School of Public Policy, Australian National University

Today’s mid-year economic and fiscal outlook (MYEFO) continues to promise a small budget surplus in 2019-20 and each of the following three years.

But the surpluses are very small, roughly half the size of those promised at the time of the April budget, and highly uncertain.

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The forecasts for economic growth and wages growth have been...

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