PEFO is the mandatory election-campaign budget report prepared by the departments of Treasury and Finance free of government interference. It had its genesis with the '$10 billion black hole' former Liberal treasurer Peter Costello found after the Keating Labor government left office in 1996. Costello introduced the Charter of Budget Honesty to ensure it would never happen again. That law, enacted in 1998, demands an independent budget update 10 days into each election campaign Read more: theage.au/federal-politics/federal-election-2013/hockey-we-wont-hurry-on-budget-20130812-2rshx.html#ixzz2bnKWv8uL
Posted on: Mon, 12 Aug 2013 21:59:10 +0000