Jim Chalmers’ 2023 budget expected to record first surplus in 15 years
by Paul Karp Chief political correspondent from on (#6BJ1M)
Albanese government's first full-year budget benefits from higher commodity prices, low unemployment and wage growth
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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