Business News

Thu Dec 16

$16 billion of the MYEFO budget update is 'decisions taken but not yet announced'. Why budget for the unannounced?

Written by: John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra

One of the most fascinating elements of Thursday’s Mid-Year Economic and Fiscal Outlook is the one we cannot see clearly.

Included in the MYEFO budget update are A$16 billion (over four years) of spending “decisions taken but not yet announced and not for publication”.

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