The treasurer is set to manage the expectations of a larger surplus in a pre-budget address, warning a decline in iron ore prices and a softening labour market will impact the bottom line.
Federal Treasurer Jim Chalmers is set to manage the expectations of a larger surplus in a pre-budget address, warning a decline in iron ore prices and a softening labour market will impact the bottom line.
The government has some big spending commitments ahead of it including an expansion of the NDIS, aged care and university funding. Mr Chalmers will use the address to outline what he believes are the "three biggest drivers of our thinking about this third budget"."In each of our first two budgets, we benefited from more than $100 billion in revenue upgrades."In fact, we are even looking at much less than the $69 billion we booked in the latest mid-year budget update.
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.
Mariana Mazzucato to meet Treasurer Jim Chalmers as she touts benefits of ‘mission economy’Economist Mariana Mazzucato is on a week-long tour of Australia touting the benefits of a “mission economy” – or how to do industrial policy differently.
Read more »
Business Summit: How Treasurer Jim Chalmers says Labor is modernising the economyThe Albanese government will make our economy more productive by easing compliance costs on business where we can, we will abolish hundreds of nuisance tariffs.
Read more »
New banking rules: Treasurer Jim Chalmers pushes planning scheme and regulatory gridThe Treasurer said the so-called regulatory grid would force regulators to consider the burden of changes on lenders, especially smaller and regional groups.
Read more »
Interest rates: RBA overhaul in doubt after Treasurer Jim Chalmers rejects Coalition’s key demandTreasurer Jim Chalmers has rejected a Coalition demand that he appoint all existing RBA board members to the new interest-rate setting board.
Read more »