A pre-election budget on the sober side

The PEFO contains no shocks or surprises, but looks particularly conservative given the clear signs of a global upswing trickling in.

As per the requirement of the Charter of Budget Honesty, the departments of Treasury and Finance released the Pre-Election Economic and Fiscal Outlook in which the latest economic forecasts and budget projections are outlined.

These economic and budget numbers will form the basis for both sides of politics to cost their spending and taxing decisions in the final 25 days of the election campaign.

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