PEFO tells us Morrison has abandoned some secret promises, but his books are in order
- Written by Stephen Bartos, Professor of Economics, University of Canberra
shutterstockBefore each federal election, the heads of the Commonwealth departments of treasury and finance release a report on the state of the government’s budget, together with updated economic forecasts.
It is known as the pre-election fiscal and economic update, or PEFO.
The 2022 PEFO came out on Wednesday afternoon.
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