Monday, September 30, 2024

Labor reveals back-to-back surpluses

 




Arriving back in Australia after high-level economic talks in China, today Jim Chalmers will reveal the final set of Budget numbers for 2023-24 includes a $15.8 billion surplus.

The headline figure — Labor’s second-consecutive surplus — is $6.4 billion higher than the $9.3 billion surplus forecast in the May budget.

“We’re the first government to post back-to-back surpluses in nearly two decades,” he said.


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