The Treasurer can thank the red-hot labour market for delivering a surge in revenues as more workers find jobs and the unemployment rate falls to a near-50 year low.
, which are expected to increase as more workers find jobs and the unemployment rate falls to a near-50 year low.
Meanwhile, policy changes to deal with the cost of living have wiped $7.4 billion off government revenue over the four years to 2025-26. Treasury says the upgrade reflects an increase in household consumption, thanks to higher wages growth and more employment.
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