Reported at Taxrates.info: The MYEFO 2024-25 report highlights Australia’s economy facing modest growth with fiscal challenges like increasing debt and a worsening cash balance.

Projections show a deteriorating fiscal outlook, with deficits estimated to be higher than initial budget figures, increased debt levels, and policy decisions impacting revenue and spending forecasts.

The MYEFO report can be downloaded here. The Treasurer’s media release is here.