#MYEFO

On the path to recovery: KPMG responds to economic update

The Treasurer’s MYEFO statement today presents a rosier picture of Australia’s path to economic recovery than what was presented only 10 weeks ago when he announced the 2020-21 budget. 

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Dr Brendan Rynne, KPMG Chief Economist responds to MYEFO statement

We believe the real question marks surrounding MYEFO relate to the expenditure side of the government accounts.

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MYEFO optimistic but Australia needs to stay the course on fiscal discipline

The overall MYEFO figures are strong and welcome. But it is crucial that the government should maintain a fiscal discipline and use the improving budget position to pay down its borrowings…

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As a society we get the tax system we want: ideas and values are what dictate change

The Mid Year Economic and Fiscal Outlook (MYEFO), released yesterday, presents an interesting close to a year that commenced with a glimmer of hope of grand tax reform. We learnt…

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#MYEFO: not responding to changed circumstances and borrowing from the future unfair to future generations

Put simply, we are simply not responding to our changed circumstances. Our first reading of MYEFO suggests for the period FY17 to FY20 government receipts are expected to be about…

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