The 2023‑24 Mid‑Year Economic and Fiscal Outlook (MYEFO) is all about responsible economic management because that’s the best way to put downward pressure on inflation and ease cost‑of‑living pressures. This responsible economic management has helped engineer an historic turnaround in the Budget position, but we know there’s more work to do. Our three‑part economic plan is to ease cost‑of‑living pressures, repair the Budget and invest in the foundations of future growth. We know people are struggling and our economy is slowing, which is why we are rolling out assistance while getting the Budget in much better shape. ... (full story)