PEFO in line with government forecast

PEFO in line with government forecast

Treasury has released the Pre-Election Economic and Fiscal Outlook, showing the Treasury’s forecast is in line with the Labor Government’s.

The forecast deficit for this financial year remains at $30.1 billion, while the economy is predicted to grow by 2.5 percent and 3 per cent in 2014-15.

The figures are in line with the government’s mini budget, which was handed down 12 days ago.

The document also predicts unemployment will rise to 6.25 percent.

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Amy Whittaker
Amy Whittaker 1402 posts

Amy joined the NRN team in August 2011, before graduating from a B of Arts (Communication-Journalism)/B of Sports Studies from Charles Sturt University in December 2011.

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