2023/24 Australian budget forecasts a deficit of $1.1bn, despite Treasurer Chalmers aiming for a second surplus amid economic uncertainties.
Australians warned of tiny budget surplus amid war, inflation pressures. Treasurer Jim Chalmers aims for a second surplus despite falling iron ore prices and economic uncertainties. Last year's budget showed a deficit of $13.9bn, but a recent mid-year review forecasts a deficit of $1.1bn for 2023/24. The $22.1bn surplus in 2022/23 was the first in 15 years, but Chalmers warns this budget will be more challenging due to global economic issues.
April 14, 2024
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