SBS On the Money: MYEFO: What it means for the economy and interest rates

SBS On the Money · Dec 13, 2023 · 12m

The government has delivered a lower budget deficit in its mid-year economic forecast, thanks to a strong labour market and commodity prices. Its mid-year economic update revealed government savings of around $12 billion. But real wage growth has slowed slightly more than expected, and there's no income or rent relief coming beyond existing measures.