Prime Minister Tony Abbott has warned the Government will have to introduce "serious policy change" to break a decade run of deficits. Today's Mid-Year Economic and Fiscal Outlook (MYEFO) is expected to unveil combined deficits worth more than $120 billion over the four years of the forward estimates. The Government says that if left unchecked, the current economic settings will spur deficit budgets for the next 10 years. Mr Abbott says the figures released today will trigger an acceleration of the Coalition's budget "repair job". "Obviously it accelerates from today given that today we will see the full extent of ... (full story)