Last week’s Mid-Year Economic and Fiscal Outlook (MYEFO) has downgraded forecast spirit excise collections by $1.7 billion over the four years to 2027-28 when compared to the May budget, while tobacco excise estimates were downgraded by $10.7 billion: “Total excise and customs duty receipts have been revised down by $3.3 billion in 2024–25 and $13.3
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