September 15, 2023

Despite Treasury’s optimism, the fiscal bugbear will be daunting

Economy Summaries

Summarised by Centrist

Economic commentary from Westpac discusses Treasury’s Pre-Election Economic and Fiscal Update.

It says Treasury’s economic forecasts are optimistic, and disagrees with its assumptions.

It concludes the budget deficit, and issuance of Government bonds, will be higher than projected in the Budget, and reaching the target 2026-2027 operating surplus may be challenging.

Whoever is in power after the 14 October election, the Government will face tough fiscal choices.

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Millions of followers tied to sponsorships and brand deals could “pretty much vanish.”

Australia’s medical regulator faces calls for urgent reform as public trust plummets

“Many contemplate leaving the profession entirely.”

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For the first time since April 2023.

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“We’ll spike it. We’ll kill it.”

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Harming the mountain will carry the same legal consequences as harming a tribe.

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“We’ll spike it. We’ll kill it.”

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Despite Treasury’s optimism, the fiscal bugbear will be daunting

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