Chalmers 'shooting for a surplus' amid shifting budget fortunes

Chalmers “shooting for a second surplus” amid shifting budget fortunes ... the federal government to shrink its deficit forecasts for 2023-24 in the midyear update from the $13.9 billion ...

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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 ... the federal government to shrink its deficit forecasts for 2023-24 in the midyear update from the $13.9 billion ...

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Back In The Black: Budget Surplus Still On Cards But Chalmers Says …

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Jun 28, 2024 · Back in the black: Budget surplus still on cards but Chalmers says it’s shrinking. ... A federal budget surplus of $9.3 billion was forecast in the May budget for the 2023/24 …

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Chalmers Claims Credit For Bigger-than-expected Surplus

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Sep 30, 2024 · Treasurer Jim Chalmers holds a copy of the Budget papers. The surplus is $6.4 billion higher than the original $9.3 billion forecast in the May budget. (Lukas Coch/AAP …

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Treasurer Jim Chalmers Delivers Back-to-back Surplus Budget

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Treasurer Jim Chalmers presented his third consecutive budget on Tuesday night, marking a significant milestone with a back-to-back surplus of $9.3 billion – a feat not seen in almost two …

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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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Budget Surplus To Be 50pc Bigger Than Forecast: Chalmers

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Jul 14, 2024 · The budget was forecast to be $9.3 billion in the black last financial year after a $22.1 billion surplus in the year before. But Dr Chalmers on Sunday said the final outcome due …

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Jim Chalmers’ Third Budget Will Have A Surplus Of $9.3 Billion For …

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May 13, 2024 · In releasing the surplus figure, Chalmers indicated the budget would bank 96% of the revenue upgrade in 2023-24. This upgrade came from greater-than-expected company tax …

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Jim Chalmers’ Lucky Budget Surplus Is No Comfort To ... - PressReader

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Dec 15, 2023 · Jim Chalmers’ lucky budget surplus is no comfort to workers whose pay is shrinking 2023-12-15 - Greg Jericho ... Just over 60% of the $36.6bn increased revenue over …

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

Why is Treasurer Jim Chalmers dampening expectations of a revenue surprise?

Treasurer Jim Chalmers is dampening expectations of a revenue surprise delivering the government another record-breaking budget surplus, warning a softening economy and a fall in commodity prices are hitting the nation’s finances. ...

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. ...

How much will the third Chalmers budget deliver?

The third Chalmers’ budget will deliver a surplus of $9.3 billion for this financial year – the second successive surplus of the Albanese government. This will be the first time there have been back-to-back surpluses in nearly two decades. But the forecast surplus is less than the $22.1 billion last financial year. ...

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. ...

What if Chalmers had a spending spree?

In many respects, Chalmers had little choice. A spending spree during the worst outbreak of inflation in 50 years would have been a disaster, throwing kero on a price spiral that only would have forced the Reserve Bank of Australia to push interest rates far higher. ...

Are Chalmers & Gallagher getting more government support?

Chalmers and Gallagher almost had a spring in their step when they walked into their press conference on Wednesday. But their path ahead isn't without challenges. As recent weeks have shown, their backbench wants more government support to make life easier for the people they represent. ...