Treasury cuts forecast 2026/27 deficit to $6.8b in pre-election update

Treasury forecasts a $6.8 billion deficit in 2026/27, down from $11.4 billion in the May Budget, according to the Pre-election Economic and Fiscal Update published 29 September 2026. It forecasts the deficit narrows to $0.8 billion the next year, then a $4 billion surplus in 2028/29. I see the revision setting the baseline for election costings.