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Australia's Treasurer Jim Chalmers announced a $15.8 billion budget surplus for the 2023/24 financial year, the second consecutive surplus since 2007/08.
Australia's Treasurer Jim Chalmers announced a $15.8 billion budget surplus for the 2023/24 financial year, the second consecutive surplus, marking the first such occurrence since 2007/08.
The surplus, accounting for 0.6% of GDP, is credited to lower government spending.
However, a deficit of $28.3 billion is projected for the following year.
Critics, including opposition members, argue the surplus does not address rising living costs for Australians.
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El tesorero australiano Jim Chalmers anunció un superávit presupuestario de 15.800 millones de dólares para el ejercicio 2023/24, el segundo superávit consecutivo desde 2007/2008.