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Surplus before spending. Frydenberg's risky MYEFO strategy

  • Written by 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.

Surplus before spending. Frydenberg's risky MYEFO strategyCC BY-ND

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

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