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$16 billion of the MYEFO budget update is 'decisions taken but not yet announced'. Why budget for the unannounced?

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra

One of the most fascinating elements of Thursday’s Mid-Year Economic and Fiscal Outlook is the one we cannot see clearly.

Included in the MYEFO budget update are A$16 billion (over four years) of spending “decisions taken but not yet announced and not for publication”.

These refer to measures to which the cabinet has agreed...

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