Article 6R3CB Jim Chalmers to confirm first back-to-back federal budget surpluses in more than 15 years

Jim Chalmers to confirm first back-to-back federal budget surpluses in more than 15 years

by
Josh Butler
from World news | The Guardian on (#6R3CB)

Treasurer cites lower government spending as the key driver behind the $15.8bn surplus, which is $6bn better than May's forecast

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.

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