Chalmers 'shooting for a surplus' amid shifting budget fortunes

Chalmers “shooting for a second surplus” amid shifting budget fortunes. ... But changing economic fortunes have Dr Chalmers warning of “much less” than the $69 billion tax windfall …

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Chalmers 'shooting For A Surplus' Amid Shifting Budget Fortunes

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Chalmers “shooting for a second surplus” amid shifting budget fortunes. ... But changing economic fortunes have Dr Chalmers warning of “much less” than the $69 billion tax windfall …

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Still Shooting For Surplus, Despite War, Inflation - The New Daily

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Apr 15, 2024 · The mid-year budget review had forecast a deficit of $1.1 billion for the 2023/24 fiscal year, narrowing from the $13.9 billion forecast in last year’s budget.

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Treasurer Jim Chalmers Confirms Second Federal Budget Surplus

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Sep 30, 2024 · By April Glover. 12:14pm Sep 30, 2024. Jim Chalmers has confirmed the first back-to-back federal budget surplus in over 15 years. The Treasurer today announced a $15.8 …

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Chalmers 'still Shooting' For Surplus Amid Shrinking Revenue

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Mar 14, 2024 · Last year’s federal budget predicted a $4bn surplus in 2022-23, and Chalmers said the government is still optimistic it will achieve a surplus in the current year (The Saturday …

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Treasurer Jim Chalmers Hands Down Budget Surplus As He Focuses …

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May 14, 2024 · The Albanese government's third federal budget has delivered a surplus of $9.3 billion for the financial year ending June, in what marks the first time revenue has exceeded …

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Jim Chalmers's Budget Surplus Was A Surprise So Where Has The …

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May 9, 2023 · Suddenly, that's magically transformed into a $4.2 billion surplus for this financial year, the first time we've seen federal budget black ink since 2008, when Treasurer Jim …

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Chalmers Flags Pre-election Budget Pivot From Inflation To Growth

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Feb 29, 2024 · The budget deficit was $730 million lower than estimated in the seven months to January 31, suggesting the forecast full-year deficit of $1.1 billion will be wiped out and turned …

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FAQs about Chalmers 'shooting for a surplus' amid shifting budget fortunes Coupon?

Will Chalmers achieve another surplus in this year's budget?

Likelihood Chalmers is keen to achieve another surplus in this year’s budget: 100% 2023-24 deficit projected in last year’s budget: $13.9 billion 2023-24 deficit projected in December’s mid-year budget update: $1.1 billion Economic turnaround compared with the forecast inherited from the previous government: $100 billion ...

Did Jim Chalmers confirm the first back-to-back budget surplus in 15 years?

Jim Chalmers has confirmed the first back-to-back federal budget surplus in over 15 years. The Treasurer today announced a $15.8 billion budget surplus in a final economic update for the previous financial year. "This is a powerful demonstration of our responsible economic management," Chalmers said in a press conference. ...

What will Jim Chalmers do if the Albanese government has a surplus?

Jim Chalmers will rely on new NDIS and aged-care reforms to rein in budget spending and offset falling tax revenue and lower commodity prices, as the Albanese government banked a second surplus of $15.8bn in its final budget outcome. ...

Did Chalmers have a choice to keep revenue upgrades in-house?

And don't forget the revenue hit from the stage 3 tax cuts of around $20 billion a year. According to the treasurer, about 82 per cent of the revenue upgrades this year have been kept in-house. That rises to 87 per cent of revenue upgrades over the past two years. In many respects, Chalmers had little choice. ...

Is a second consecutive surplus locked in for Treasurer Jim Chalmers?

The better-than-expected reading brought the fiscal balance to a wafer thin deficit of just $339m. While total receipts were $649m lower than forecast in MYEFO, the fall was far outweighed by a deduction in payments which was $4.8bn lower than predicted. A second consecutive surplus is virtually locked in for Treasurer Jim Chalmers. ...

How has Dr Chalmers framed his first two budgets?

Dr Chalmers has framed his first two budgets trying to fight inflation by resisting calls for big spending and banking revenue windfalls. Cost-of-living assistance so far has been designed to minimise pressure on inflation, or even reduce it, such as the power bill discounts rolled out earlier this year. ...