Australia’s financials have generally improved compared with forecasts made a year ago but there are threats to the country’s outlook lurking
The treasurer, Jim Chalmers, said in his budget 2024 speech that it is the first back-to-back surplus in nearly two decades, before noting that pressures will intensify after that.The treasurer, Jim Chalmers, said in his budget 2024 speech that it is the first back-to-back surplus in nearly two decades, before noting that pressures will intensify after that.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup The budget papers expect the consumer price index will return to 2.75% next financial year, and stay within the Reserve Bank’s target 2% to 3% band for the foreseeable future, representing similar economic assumptions made a year ago.
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