Treasury to release MYEFO on Dec 16

By Sophia Rodrigues

Published On 10 Dec 2021 , 12:00 AM

There is greater interest in the Mid-Year Economic and Fiscal Outlook this year given the slow pace of government borrowing so far this year, and uncertainty about what the fiscal position might look like by the end of the fiscal year.

Treasury has confirmed the MYEFO will be published on Thursday, December 16.

Commonwealth Bank expects the underlying budget deficit for 2021-211 to show an improvement to A$76 billion deficit from A$107 billion forecast at the May budget. ANZ expects an improvement of A$10 billion which translates to deficit of around A$97 billion while Westpac expects forecast of worsening deficit of A$117 billion.

LATEST SNIPPETS

Australia AOFM’s CEO Rob Nicholl To Join IMF

The chief executive of the Australian Office of Financial Management Rob Nicholl is leaving to join the International...

Published on : 22 Jul 2022 , 04:34 PM
RBA Lowe's speech on Wed not under embargo

RBA Governor Philip Lowe will deliver a speech on July 20, but the speech will not be released under embargo, the RBA...

Published on : 19 Jul 2022 , 04:03 PM
RBNZ Hike 50bps to 2.5%

The Reserve Bank of New Zealand raised the official cash rate by 50bps for the third meeting in a row, taking the rat...

Published on : 13 Jul 2022 , 12:57 PM
RBA raises cash rate 50bps to 1.35%

The Reserve Bank of Australia has increased the cash rate target by 50bps to 1.35%, marking two consecutive 50-basis-...

Published on : 05 Jul 2022 , 03:03 PM
Westpac also ups RBA cash rate forecast to 2.1% by Dec (from 1.75%)

Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...

Published on : 07 Jun 2022 , 05:21 PM
CBA ups RBA rate forecast; sees 2.1% year-end, with risk of 2.35%

Economists at Commonwealth Bank have revised higher their forecast for RBA cash rate, now expecting the rate to reach...

Published on : 07 Jun 2022 , 04:58 PM
NAB ups RBA cash rate forecast to 2% by Dec (from 1.35%)

Economists at National Australia Bank are revising up their RBA cash rate forecast following the 50bps hike on Tuesda...

Published on : 07 Jun 2022 , 04:15 PM
RBA raises cash rate 50bps to 0.85%

The Reserve Bank of Australia raised the cash rate target by 50bps to 0.85%. The rate on Exchange Settlement balances...

Published on : 07 Jun 2022 , 02:47 PM
Australia net export to subtract 1.7 points from Q1 GDP

Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...

Published on : 31 May 2022 , 11:44 AM
RBNZ Ups OCR 50bps to 2.0%

The Reserve Bank of New Zealand raised official cash rate by 50bps to 2.0%, as widely expected and issued hawkish pro...

Published on : 25 May 2022 , 12:15 PM