Treasurer will be able to boast back-to-back surpluses when he speaks tonight; defence whistleblower to learn his fate
Welcome to the 2024 budget day, where Australia’s 41st treasurer Jim Chalmers will hand down his third budget. That’s a lot of numbers for an intro, so here is what you need to know; there will be a projected $9.3bn surplus, Treasury anticipates a return to the RBA’s inflation band by the end of the year and there is no increase to the base rate of Jobseeker. Most of everything else will be revealed at 7.30 when the treasurer takes to the floor of the parliament.
The budget lock up starts from 1pm, so you can expect most of social media to go quiet –but not your dedicated politics blog – Politics Live will continue throughout the day and into the night, bringing you all your political news. The parliament will sit as usual and top of the agenda will be Labor’s deportation bill, which was held up by the coalition at the last sitting of the parliament, when the opposition joined with the Greens to send the bill to a committee.
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