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

Digital Finance Analytics (DFA) Blog

Dec 18 2024 | 00:14:38

00:00 / 00:14:38

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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