Treasurer Jim Chalmers announced during a media conference on Tuesday that the government’s responsible economic management has led to a stronger budget position, which will be revealed in tonight’s budget.
“Over two budgets now, we have banked 87 per cent of the proceeds of those upward revisions to revenue, without which we wouldn’t be publishing the much stronger position that you will see in the budget tonight,” Mr Chalmers said.
He emphasised that a stronger budget is not an end in itself but the foundation for building a better future for Australians. “Our responsible economic management has meant that we can help the vulnerable in tough times … and we can invest in the future of our economy and our people,” he said. Mr Chalmers expressed pride in the budget and acknowledged the ongoing challenges in the economy, budget, and communities.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasurer Jim Chalmers’ budget will be ‘dramatically increasing personal income taxes’Treasurer Jim Chalmers' budget will 'be a record' for increases in personal income taxes, says Former Victorian Liberal party president Michael Kroger. “He’s been hit in the backside by the biggest rainbow of all time,” he told Sky News host Paul Murray. “He’s dramatically increasing personal income taxes – look for the take on personal income taxes by the way on Tuesday night – it’ll be a record.”
Read more »
Federal budget 2023: what we know so far about treasurer Jim Chalmers’ budgetFrom welfare to health, childcare and housing, Guardian Australia examines what has been revealed about the Albanese government’s budget
Read more »
Why Jim Chalmers can afford to smileLabor is riding high as it prepares to deliver a budget surplus and a sizeable down payment on its priorities thanks to surging revenue. The Liberals are struggling to find safe ground.
Read more »
Jim Chalmers set to forecast first budget surplus in 15 yearsThe federal budget is forecasting a near $4 billion surplus for this financial year and smaller deficits over the forward estimates.
Read more »