Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth
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Australia’s federal budget is projected to record a $4bn surplus this financial year, which would be the first surplus in 15 years.
The treasurer, Jim Chalmers, has revealed ahead of Tuesday night’s budget that the 2022-23 bottom line has reached surplus, despite the projected $78bn deficit in the Coalition’s March 2022 budget.
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Continue reading…Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growthGet our morning and afternoon news emails, free app or daily news podcastAustralia’s federal budget is projected to record a $4bn surplus this financial year, which would be the first surplus in 15 years.The treasurer, Jim Chalmers, has revealed ahead of Tuesday night’s budget that the 2022-23 bottom line has reached surplus, despite the projected $78bn deficit in the Coalition’s March 2022 budget.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…