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Stephen Anthony

MYEFO charts no return to surplus this decade or the next

We really need to wake up now and start getting our fiscal house in order. Projections say we are surely living beyond our means.

Treasurer Josh Frydenberg yesterday revealed a modest improvement in the May budget over the four-year outlook by a razor-thin $2.3 billion.

But the Treasurer can be commended for restraint in terms of including so little pre-election pork in the estimates. Based on our tally there can only be $2 billion to $3 billion each year hidden from view for election promises.

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Stephen Anthony is chief economist at Macroeconomics.

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    Original URL: https://www.afr.com/politics/federal/myefo-charts-no-return-to-surplus-this-decade-or-the-next-20211215-p59ho1