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Release of the 2018-19 Mid-Year Economic and Fiscal Outlook

The Government released the 2018–19 Mid-Year Economic and Fiscal Outlook (MYEFO) on 17 December 2018. This brief provides an overview of the key fiscal and economic numbers from the 2018–19 MYEFO with a summary of key data in the tables below. Read more...

Parliamentary Budget Offices

According to research conducted by the Organisation for Economic Co-operation and Development (OECD) there has been a growing trend towards greater involvement of national legislatures in budgetary matters in order to increase transparency and accountability of budget processes. The OECD's 2007 project, the International Budget Practices and Procedures database, indicated that out of the 97 countries surveyed, 29 countries had a specialised budget research office and 61 did not. In particular, the survey found that more than half of all the countries included in the study had a larger budgetary role than they had a decade earlier.On 23 June 2010, the Coalition announced that it would introdu... Read more...

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