Final budget result delivers $15.8 billion 'back-to-back' surplus due ...

Sep 29, 2024 · Treasurer Jim Chalmers said the double surplus was the first in nearly two decades. "Our bigger-than-expected surplus in the year just gone is entirely due to lower …

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Final Budget Result Delivers $15.8 Billion 'back-to-back' Surplus Due ...

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Sep 29, 2024 · Treasurer Jim Chalmers said the double surplus was the first in nearly two decades. "Our bigger-than-expected surplus in the year just gone is entirely due to lower …

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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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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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Spending Pressures Make Third Surplus Unlikely - Financial Review

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Sep 30, 2024 – 4.35pm. Treasurer Jim Chalmers has delivered a solid second budget surplus of $15.8 billion on the back of booming income tax receipts, but future spending pressures are …

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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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Budget Speech 2024–25 | Treasury Ministers

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May 14, 2024 · We now expect another surplus, of $9.3 billion this year. These would be the first back‑to‑back surpluses in nearly 2 decades. But pressures on the Budget intensify after that, …

treasury.gov.au

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Jim Chalmers To Deliver First Consecutive Labor Budget Surpluses …

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Sep 29, 2024 · Treasurer Jim Chalmers delivers the 2023-24 federal budget. At the time, he forecast a deficit of $13.9 billion. Credit: Alex Ellinghausen The last time back-to-back budget …

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Jim Chalmers - Wikipedia

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In May 2023, Chalmers handed down his second budget. After being initially predicted to deliver a surplus of over $4 billion, the budget ended up significantly exceeding expectations by …

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Jim Chalmers Has Provided An Extra $900 Million To Boost …

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4 days ago · Productivity is the greatest structural problem in our economy, according to Treasurer Jim Chalmers. He says there is “no higher priority for reform”. Announcing a A$900 …

theconversation.com

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Official Site Of The State Of New Jersey - The Official Web Site For ...

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Feb 28, 2023 · The $53.1 billion spending plan includes a record proposed surplus of $10.1 billion, while redirecting nearly 74 percent of the total budget back out in the form of grants-in …

nj.gov

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Official Site Of The State Of New Jersey - The Official Web Site For ...

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Feb 27, 2024 · The $55.9 billion spending plan includes a proposed surplus of $6.1 billion, while redirecting nearly 74 percent of the total budget back out into our communities in the form of …

nj.gov

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Governor Murphy Signs Fiscal Year 2024 Budget Into Law

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Jun 30, 2023 · Continues Path of Fiscal Responsibility with Another Full Pension Payment of $7.1 Billion and Surplus of over $8 Billion. TRENTON – Governor Phil Murphy signed the Fiscal …

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Murphy Signs Record N.J. Budget With Tax Hike, Property Tax Relief, …

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Jun 28, 2024 · Republicans, the minority party in the Legislature, took aim at Democrats for another budget that relies on deficit spending and drawing money from the budget’s $6.16 …

nj.com

FAQs about Final budget result delivers $15.8 billion 'back-to-back' surplus due ... Coupon?

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. ...

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. ...

Who is Jim Chalmers?

Federal treasurer Jim Chalmers with Prime Minister Anthony Albanese during his 2023 federal budget speech in the House of Representatives. Picture: NCA NewsWire/ Dylan Robinson Record low unemployment – which contributed 40 per cent to the revenue upgrade – and surging commodity prices drove the $4.2 billion surplus. ...

Will budget pressures make a surplus less likely next year?

The treasurer has conceded there are budget pressures that will make a surplus next year less likely. A drop in spending has netted the federal government a $15.8 billion surplus for the most recent financial year, despite the government's tax take also falling in that time. ...

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. ...

Why has the federal government delivered two back-to-back surpluses?

It means the federal government has delivered two back-to-back surpluses, driven during that time by strong commodity prices and a larger income tax take from more people being in work. ...