A spoonful of sugar for the pre-election budget

If the upside we’re seeing currently was factored into Labor’s pre-election budget, its forecasts would be vastly more positive than what we’re likely to actually get tomorrow.

The Pre-Election Fiscal Outlook will be released by Treasury and Finance on Tuesday and given the unrealistically downbeat view on global and domestic conditions from the official family, it is likely to present a set of economic and budget estimates little changed from those released by the government on August 2.

A summary of those forecasts from the government is here at Table 1 for the economy and Table 2 for the budget aggregates.

Graph for A spoonful of sugar for the pre-election budget

Graph for A spoonful of sugar for the pre-election budget

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