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PEFO Pre-Election Fiscal and Economic Outlook 2013
The Federal Government’s finances have been exposed with the release of the Pre-election Economic and Fiscal Outlook (PEFO).
PEFO, the “state of the books”, is the final budget update before the election on September 7, 2013.
The Charter of Budget Honesty Act 1998 (the Charter) provides for the Secretary to the Treasury and the Secretary of the Department of Finance and Deregulation (the Secretaries) to release publicly a Pre-Election Economic and Fiscal Outlook report (PEFO) within 10 days of the issue of the writ for a general election. Such a writ was issued on 5 August 2013.
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