MYEFO delivers only modest budget improvements, while deficits persist and debt keeps rising. The hard work on inflation and budget repair remains undone, writes Saul Eslake.
#auspol #economy #MYEFO
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#MYEFO
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#abcnews Jim Chalmers presser #myefo is asked by a rancid journalist, why can't we recall parliament to have new gun laws. Trying to weaponise the #bondishooting to bash the government. Oh yeah, let's rush through gun laws and not do it properly shall we! Un_fg_believable disgraceful media. #auapol
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The shadow treasurer was also asked about new figures from the government today, showing Queensland’s economy will be almost $1tn worse off by 2050 if the Coalition’s nuclear plan gets the public’s green light at the next federal election. Angus Taylor turned the focus back on Labor, saying “the thing that’s made the economy smaller is Labor”. Labor can make up all the nonsense they like. They’re desperate. I mean, this is a government that’s been on the back foot, that got things wrong, that is sending Australians on a pathway to poverty, not a pathway to prosperity. And so they’re in a state of desperation, saying these sorts of things. https://www.theguardian.com/australia-news/live/2025/jan/07/australia-news-live-politics-updates-albanese-coalition-nuclear-energy-plan-peter-dutton-sydney-weather-storm-rain?filterKeyEvents=false&page=with%3Ablock-677bbe768f08c0f0455ae73a#block-677bbe768f08c0f0455ae73a
Oh look at this; #AngasTaylor has attempted to join the debate on the insanity of building #nuclear power stations in #Qld. This is the shadow Treasurer who struggles to understand the #MYEFO report ...
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@ACOSS urges Federal Government to take stronger action to support people on low incomes and address the #hardship facing #communities across the country, warning #MYEFO offers a dismal outlook for those struggling the most.
Read the full release: acoss.org.au/media_release/…
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Labor hides off budget spending and still gets a deficit.
There are 63 (nfp) Not for publication items in the #Myefo, these include #Aukus, National Water plan, Critical minerals facility, robodebt costs and energy transition just to name a few.
Estimated at $160B
Chalmers was asked about this
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Great summary of #MYEFO on ABCNews24 yesterday, Tom. You provided a full picture without the colouring I've noticed from yr colleagues. Thank you.
Have a restful Chrissie. 🙂
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Regular reminder:
The Opposition's chief economic spokesman is Angus Taylor.
Angus. Taylor.
No, seriously.
#MYEFO
#abc730
#auspol
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#simplyRed : MONEY’S TOO TIGHT (TO MENTION) #MYEFO #auspol
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The Albanese Labor Government's priority is Defence spending .
Growing at 6% per year it outstrips growth in Hospital , Medicare , Child care and Aged care .
No wonder Labor is on track to loose the next election
#Myefo #ADFwaste
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@ACOSS urges Federal Government to take stronger action to support people on low #incomes & address the #hardship facing communities across the country, warning #MYEFO offers a dismal outlook for those struggling the most.
Read the full release: acoss.org.au/media_release/…
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ANALYSIS: Five things #Myefo tells us about the state of the Australian economy
from @phannam.bsky.social
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Very good to see this rort nixed in today's #MYEFO.
Gambling & tobacco companies will not be able to access the R&D tax incentive anymore (I mean, duh).
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The word of the day is "slippage".
Slippage.
#MYEFO @jimchalmers.bsky.social
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When the LNP start their critique, bear this in mind:
Labor's $27bn deficit is “almost half the $47.1bn deficit we inherited for this year from our predecessors”. #auspol #myefo
www.theguardian.com/australia-ne...
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Is anyone noticing how loaded is the ABC chyron and reporting about #MYEFO?
I'm listening to better position than predicted, look up to read a negative on the screen. Even their journo on "News" talked abt Labor position being "luck", rather than skill.
WTH Aunty!
#auspol
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Jim Chalmers and Katy Gallagher presenting #auspol #MYEFO and putting the lie to #LNP as “better economic managers” (if they ever were). Watch for #NewsCorpse full of “ #Spud says … “ in response.
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The 2024-25 Mid-Year Economic and Fiscal Outlook is now up: budget.gov.au/content/myef... #MYEFO #ausecon #ausbiz #auspol
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Increased spending has been on critical services such as #NDIS. Let's not forget $1trillion debt Morrison/Frydenberg left as a permanent reminder of their incompetence PLUS their deliberate abandonment of veterans, something @JEChalmers has fixed. #MYEFO
www.theguardian.com/business/202...
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#MYEFO update to the federal budget will reveal a $100B downgrade in mining exports by Treasury over the 4yr to 2027-28.
Green Iron is critical to Australia’s economic prosperity.
C’mon AUS let’s get going.
Ping @jimchalmers.bsky.social @chrisbowenmp.bsky.social
www.abc.net.au/news/2024-12...
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PM confirms the Mid-Year Economic and Fiscal Outlook will be released next week in funding announcement this afternoon www.theguardian.com/australia-ne... #ausecon #myefo #auspol
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Today's AFR fill-in
Don't feed the dragon
More cartoons, gifs and videos on Patreon
patreon.com/glenlelievre
#MYEFO
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Excerpt from Australian Federal Government’s “Mid-Year Economic and Fiscal Outlook” Appendix A at https://budget.gov.au/content/myefo/download/08_App_A_WEB.pdf. The excerpt shows that the ARC will receive no additional operations funding to implement the recommendations of the independent review of the ARC Act 2001, including the installation of a new Board. “The cost of this measure will be met from within the existing resourcing of the Australian Research Council.”
“Strengthening” apparently means doing more without more resources 🤯
#MYEFO
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Sneak peek-
Rough for tomorrow's AFR fill-in
Entire drawing on Patreon
patreon.com/glenlelievre
#MYEFO
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The @BOM_au Water Information programme to receive continued funding #myefo minister.agriculture.gov.au/joyce/Pages/Media-Releas...
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