Opinion piece: Consecutive surpluses proof of Labor’s responsible ...

Oct 1, 2024 · Responsible economic management has been a hallmark of the Albanese government since day one, and there’s no clearer proof than the 2 straight surpluses we’ve …

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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 …

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Tax Bounty Delivers Record $22b Budget Surplus - Financial Review

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Sep 21, 2023 · Labor’s first full-year surplus since Paul Keating’s budget was in the black in 1989-90 is the federal government’s equal eleventh-largest surplus as a share of the economy, at …

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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 Shortage Or Labor Surplus? The Two Myths Explored

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Sep 17, 2002 · The Two Myths Explored. Unemployment is higher than it has been for many years, yet it’s still far from historical highs. The recent U.S. unemployment figure of 5.7% is still …

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FAQs about Opinion piece: Consecutive surpluses proof of Labor’s responsible ... Coupon?

Are Albanese budget surpluses a sign of responsible economic management?

Responsible economic management has been a hallmark of the Albanese government since day one, and there’s no clearer proof than the 2 straight surpluses we’ve delivered. These consecutive surpluses were confirmed in the Final Budget Outcome (FBO) for 2023–24, which Finance Minister Katy Gallagher and I released this week. ...

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. ...

Is the Albanese government delivering a second consecutive budget surplus?

The Final Budget Outcome for 2023–24 shows the Albanese Government’s responsible economic management has delivered a second consecutive budget surplus. The Albanese Government has delivered the first back‑to‑back surpluses in nearly two decades. ...

What is labor's first full-year surplus?

Labor’s first full-year surplus since Paul Keating’s budget was in the black in 1989-90 is the federal government’s equal eleventh-largest surplus as a share of the economy, at 0.9 per cent of GDP. The final budget outcome to be published on Friday will show an underlying cash surplus of $22.1 billion. ...

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. ...

Will there be a second surplus in the current financial year?

A second consecutive surplus in the current financial year appears likely, according to economists. Labor’s first full-year surplus since Paul Keating’s budget was in the black in 1989-90 is the federal government’s equal eleventh-largest surplus as a share of the economy, at 0.9 per cent of GDP. ...