MYEFO (Mid-year Economic and Fiscal Outlook) is just around the corner so let's find out together if the Government is naughty or nice...
Because it's the season, for the next 12 days we'll be making a list (and checking it twice) of all the things we'd like to see in MYEFO.
So what's MYEFO?
The Mid-year Economic and Fiscal Outlook (MYEFO) updates the economic and fiscal outlook from the previous budget. Basically MYEFO is an update on the budget.
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.
So when is MYEFO due?
We expect MYEFO to come out some time in late December, but end of January at the very latest.
What will be in MYEFO?
Will Malcolm Turnbull and Scott Morrison engage their inner Scrooges, or like the Grinch will their hearts grow three sizes this MYEFO? We don't know, that's why we're counting down with ideas for the update!