How it began v how it’s going: 2024 budget shows limits of financial forecasting

Australia’s financials have generally improved compared with forecasts made a year ago but there are threats to the country’s outlook lurking

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Financial forecasting is difficult at the best of times, let alone during a period marked by persistent inflation against a backdrop of global economic unease.

But forecasts still provide a framework for governments to build their policy and spending plans around. Australia’s financials have generally improved compared with forecasts made a year ago but there are more than a few threats to the country’s outlook lurking.

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