The budget is back in the black – for now. The Australian federal budget position will briefly return to surplus in 2022-23 to the tune of $A4.2 billion, before slipping back into deficit in 2023-24.
The budget also contained measures focused on the cost of living for Australians, as well as support aimed at assisting women. You can see the key details in the easy-to-read and easy-to-share infographic below.
Adelaide Timbrell is a Senior Economist & Madeline Dunk is an Economist at ANZ
Significant boost to revenue that also lowers future expected deficits drives budget position back into black, but only for one year.2023-05-09 04:30
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