E15 23 May 2025: Budget Edition

Contextual Matters: Yesterday the Government released the 2025/26 Estimates of Appropriations (i.e., its ‘Budget’). This is their finalised spending plan for the year ahead, 1 July 2025 to 30 June 2026, plus their estimated spending plans for the following three years, out to 30 June 2029. Because of the one-year

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