Mid-Year Economic and Fiscal Outlook

The Mid-Year Economic and Fiscal Outlook (MYEFO) updates the economic and fiscal outlook from the previous Budget.

Clause 14 of the Charter of Budget Honesty requires the release of a MYEFO each year by the end of January, or 6 months after the last Budget, whichever is later.

As well as updating the economic and fiscal outlook, the MYEFO takes account of all decisions made since the release of the Budget which affect payments and receipts and hence revises the budget aggregates. An appendix to MYEFO summarises all policy decisions taken since the Budget.

The 2023–24 Mid-Year Economic and Fiscal Outlook was released on Friday 13 December 2023.