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Australian govt hails ‘historic turnaround’ in budget

The Lucky Country gets lucky again, with iron ore prices powering higher tax revenue.

Australian treasurer Jim Chalmers says a second consecutive surplus is ‘within striking distance’.

Higher revenue from both personal and corporate taxes will see the Australian government slash its deficit and potentially post a second consecutive budget surplus this financial year.

Treasurer Jim Chalmers today released the mid-year economic and fiscal outlook, known as the MYEFO, revealing that

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Lachlan Colquhoun Wed, 13 Dec 2023
Contact the Writer: lachlan@nbr.co.nz
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Australian govt hails ‘historic turnaround’ in budget
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