Roll up for the MYEFO horror show

Highlighting the severity of 'Labor's mess' may help buy Hockey political capital for painful cuts, but it could destroy the very confidence he needs to turn the budget around.

There is an old Goya drawing that, once seen, is hard to forget. Entitled Esto es peor (This is worse), it depicts the mutilated body of a soldier impaled on the branches of a tree.

It's ghastly, but after today it’s likely to be one of the few works of art more grim than Treasurer Joe Hockey's first sketch of the state of the nation's finances – the Mid-Year Economic and Fiscal Outlook.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles