Expectations are low as Treasury allows a peek into its books later today. 

Economist Cameron Bagrie says in the 2024 update, various scenarios were presented for this year. 

He told Andrew Dickens it seems we're on track with the downside prediction. 

Bagrie says it forecast net debt climbing to 45% of GDP and the operating balance remaining in deficit. 

Treasury will unveil its half yearly economic and fiscal update at 1pm. 

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