Treasurer Jim Chalmers confirms second federal budget surplus

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 billion budget surplus in a final economic …

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Treasurer Jim Chalmers Confirms Second Federal Budget Surplus

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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 billion budget surplus in a final economic …

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Labor Confirms A$15.8 Billion Budget Surplus - Azzet.com

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Treasurer Jim Chalmers has confirmed a Budget surplus of $15.8 billion for the 2023-24 fiscal year, exceeding May's forecast by $6 billion. This marks the first consecutive surplus in 15 …

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Labor Delivers Biggest Ever Back-to-back Surpluses

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Sep 30, 2024 · The Albanese Government has delivered the first back‑to‑back surpluses in nearly two decades. Today’s underlying cash surplus of $15.8 billion (0.6 per cent of GDP) follows …

treasury.gov.au

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Australia Boasts Rare Budget Surplus, Before Spending Gobbles It …

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May 9, 2023 · The highlight was a projected A$4.2 billion surplus for the year to June 2023, the first since 2007/08 and a huge turnaround from the A$37 billion shortfall forecast last October.

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Labor To Confirm Final Budget Surplus Uplift From $9.3bn To $15.8bn

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Sep 29, 2024 · Labor to confirm final budget surplus uplift from $9.3bn to $15.8bn. Labor is set to reveal a budget first since the 2007-08, confirming a back-to-back budget surplus that …

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Government Reveals First Budget Surplus In 15 Years, $22 Billion In …

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Sep 21, 2023 · The federal government has revealed the country's first surplus in 15 years as the final budget outcome figures for the last year show a surplus of over $22 billion.

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Jim Chalmers To Deliver First Consecutive Labor Budget Surpluses …

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Sep 29, 2024 · The result is a $29.7 billion improvement on the 2023-24 budget announced in May last year, and confirms Chalmers as the first Labor treasurer to deliver consecutive …

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Labor To Detail First Back-to-back Budget Surplus Since 2008

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Sep 29, 2024 · The news: The Albanese government will on Monday confirm a second consecutive budget surplus of $15.8 billion for the 2023-24 financial year, $6 billion more than …

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Labor Confirms First Consecutive Surplus In 15 Years - Inkl

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Sep 29, 2024 · JIM’S BIG SURPLUS. Treasurer Jim Chalmers will today confirm the 2023-24 budget will record a surplus of $15.8 billion, Guardian Australia reports, $6 billion higher than …

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Chalmers On Attack After Budget Back-to-back In Black

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Sep 30, 2024 · Labor will hand down a $15.8 billion surplus for the 2023/24 financial year when the final budget outcomes are released on Monday. It will be the second time in a row the …

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Final Budget Outcome Shows 2023-24 Surplus Of $15.8 Billion

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Sep 29, 2024 · The budget surplus for last financial year has come in at $15.8 billion, well exceeding the $9.3 billion that was forecast in the May budget. Final budget outcome shows …

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Back-to-back Budget Surplus - ABC Listen - ABC (Australian …

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Sep 30, 2024 · Peter Ryan: The final budget outcome for last financial year confirms a surplus of $15.8 billion, $6.4 billion higher than predicted in the May budget, following a $22 billion …

abc.net.au

FAQs about Treasurer Jim Chalmers confirms second federal budget surplus Coupon?

Will labor deliver the first budget surplus in 15 years?

Labor may be on track to deliver the first budget surplus in 15 years, but under the same methodology used to calculate the $4.2 billion forecast on Tuesday, the Coalition would have delivered a $7.2 billion surplus four years earlier. ...

What is the Commonwealth's first surplus in 15 years?

(ABC News: Luke Stephenson) The federal government has revealed the country's first surplus in 15 years as the final budget outcome figures for the last year show a surplus of over $22 billion. It's the first Commonwealth surplus since the 2007-08 budget, which Liberal Peter Costello handed down in the months before Labor won power in late 2007. ...

Why did Labor post a second straight surplus in 15 years?

Labor says the better-than-expected surplus — the first consecutive one in 15 years — is “entirely” due to lower government spending. “We’re the first government to post back-to-back surpluses in nearly two decades. A second straight surplus is proof of our responsible economic management,” Chalmers said in a statement. ...

Will labor reveal a budget first since 2007-08?

Labor is set to reveal a budget first since the 2007-08, confirming a back-to-back budget surplus that exceeded May forecasts by $6.5bn. New figures have revealed a significantly increased budget surplus of $15.8bn, allowing the Albanese government to claim the first back-to-back surplus in more than 15 years. ...

What is labor's underlying cash surplus?

Today’s underlying cash surplus of $15.8 billion (0.6 per cent of GDP) follows the $22.1 billion (0.9 per cent of GDP) surplus delivered in 2022–23. In dollar terms, these are the biggest back‑to‑back surpluses on record. This means Labor has delivered the largest nominal improvement in the budget position in a Parliamentary term. ...

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. ...