>Jim Chalmers will on Monday reveal a $15.8bn budget surplus in an economic update, more than $6bn higher than predicted at May’s federal budget.
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>The treasurer says the better-than-forecast budget position has come “entirely” from lower government spending, a detail the treasurer highlights as Labor comes under scrutiny from the opposition and the Reserve Bank over concerns that public expenditure is helping to drive inflation.
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>The 2023-24 final budget outcome, to be detailed by Chalmers and the finance minister, Katy Gallagher, on Monday will confirm the government’s expectation of a second surplus – what Labor points out is the first back-to-back budget surplus in since 2006-07 and 2007-08.
Candescence on
I realize this is Labor really trying to prove that they’re actually good at economic management, but I fucking wish the public realized that budget deficits don’t matter nearly as much as some people would like them to believe.
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>Jim Chalmers will on Monday reveal a $15.8bn budget surplus in an economic update, more than $6bn higher than predicted at May’s federal budget.
>
>The treasurer says the better-than-forecast budget position has come “entirely” from lower government spending, a detail the treasurer highlights as Labor comes under scrutiny from the opposition and the Reserve Bank over concerns that public expenditure is helping to drive inflation.
>
>The 2023-24 final budget outcome, to be detailed by Chalmers and the finance minister, Katy Gallagher, on Monday will confirm the government’s expectation of a second surplus – what Labor points out is the first back-to-back budget surplus in since 2006-07 and 2007-08.
I realize this is Labor really trying to prove that they’re actually good at economic management, but I fucking wish the public realized that budget deficits don’t matter nearly as much as some people would like them to believe.