Mid-Year Economic and Fiscal Outlook

The Mid-Year Economic and Fiscal Outlook (MYEFO) updates the economic and fiscal outlook from the previous budget. Clause 14 of the Charter of Budget Honesty requires the release of a MYEFO each year by the end of January, or six months after the last budget, whichever is later.

As well as updating the economic and fiscal outlook, the MYEFO updates the budgetary position. In particular, the MYEFO takes account of all decisions made since the release of the budget which affect expenses and revenue and hence revises the budget aggregates. An appendix to MYEFO summarises all policy decisions taken since the budget.

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Mid-Year Economic and Fiscal Outlook 2019‑20   5.95MB
Chart Data 1.12MB (Zipped XLSX)
Preliminaries and Foreword 59KB 584KB
Part 1: Overview 46KB 265KB
Part 2: Economic outlook 80KB 743KB
Part 3: Fiscal strategy and outlook 183KB 752KB
Part 4: Debt Statement 93KB 536KB
Part 5: Forecast uncertainties, sensitivities and scenarios 94KB 521KB
Part 6: Statement of risks 110KB 328KB
Part 7: Australian Government Budget Financial Statements 201KB 733KB
Appendix A: Policy decisions taken since the 2019 PEFO 237KB 1.32MB
Appendix B: Supplementary expenses table and the Contingency Reserve 63KB 163KB
Appendix C: Australia's Federal Relations 82KB 247KB
Annex A: Payments to the States 382KB 703KB
Appendix D: Tax Benchmarks and Variations Statement 62KB 129KB
Appendix E: Historical Australian Government data 162KB 484KB