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By Rodrigo Santos Andrade
MYEFO reveals federal budget now expected to remain in deficit for up to a decade
visibility comment0 event December 17, 2025 timer 19:51
Labor’s goal of achieving a balanced budget has been pushed back as the federal budget is now expected to remain in deficit for up to a decade.
Treasurer Jim Chalmers revealed the biggest drivers for this change after he handed down the Mid-Year Economic and Fiscal Outlook on Wednesday.
Interest on government debt, NDIS, defence, medical benefits, and the Child Care Subsidy were noted as the fastest-growing major payments.
Meanwhile, a decrease in tobacco tax revenue and a decline in immigration are complicating the treasurer’s job.
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