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

RBA may not turn dovish yet but acknowledge balance of risks have changed

One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...

Published on : 05 Feb 2019 , 07:02 AM
APRA will Change Loan Serviceability Floor

Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...

Published on : 31 Jan 2019 , 06:33 AM
RBA Would Change Next Move Up Guidance

Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...

Published on : 10 Jan 2019 , 06:29 AM
Happy New Year

 

Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...

Published on : 02 Jan 2019 , 06:28 AM
Australia's export -- the term GFC

How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM