Mid-Year Economic and Fiscal Outlook

As we come to the end of 2019, you’d be forgiven for being confused about the health of the economy. Monday’s Mid-Year Economic and Fiscal Outlook (MYEFO) provides an opportunity for a pre-Christmas stock-take of treasury’s thinking.

In his first speech as one of Australia’s most powerful bureaucrats, the new Treasury secretary says the Commonwealth budget is quickly growing unsustainable without major fiscal repair and serious structural reform.

Merged, consolidated and abolished: the government will work through a “methodical” process of slashing some 175 agencies from the Commonwealth ranks. Read the full list.