Pre-Election Economic and Fiscal Outlook (PEFO)
We only got the budget what, 3 weeks ago? If that, or is it 2 weeks?
Now the pre-election update. FFS.
Mind you, iron ore has fallen $10 a tonne in that time. Which I think is about 3 spreads in the futures mkt, yeah?
The forecast for the 2015/16 budget deficit was $39.9bn in the Budget. The update puts it at $40.0bn now.
Little response from the AUD
