Wanted Adults In The Budget Room, As Deficits Roar And Games Are Played!

December 18, 2024 • 00:14:38
Wanted Adults In The Budget Room, As Deficits Roar And Games Are Played!
Digital Finance Analytics (DFA) Blog
Wanted Adults In The Budget Room, As Deficits Roar And Games Are Played!

Dec 18 2024 | 00:14:38

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Show Notes

Total budget revenue is cumulatively higher by about $380 billion over five years compared with Treasury’s forecasts on the eve of the May 2022 election. Yet, at a time when revenue is booming and the economy is operating around full capacity, the deficit in underlying terms is forecast to be $26.9 billion (1 per cent of gross domestic product), a $1.3 billion improvement since the May budget. Cumulative underlying deficits over four years are projected to blow out to $144 billion, $21.7 billion worse than expected seven months ago. Where are the adults in the room because from the budget […]
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