Jim Chalmers: A second surplus is within "striking distance"

12/13/23 • 15 min

There was a mid-year budget update today and Federal Treasurer Jim Chalmers says a second consecutive surplus is within striking distance.

Better than expected tax revenues – particularly from commodity prices and corporate profits – have slashed the budget deficit to just over $1 billion, an improvement of $12 billion.

There was a mid-year budget update today and Federal Treasurer Jim Chalmers says a second consecutive surplus is within striking distance.

Better than expected tax revenues – particularly from commodity prices and corporate profits – have slashed the budget deficit to just over $1 billion, an improvement of $12 billion.

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