Budget surplus could double to $18bn this year, Australian government suggests
May budget had previously predicted surplus of $9.3bn in 2023-24 but that has been boosted by earlier than anticipated payment of corporate taxesFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe federal budget has recorded a surplus of more than $18bn in the first 11 months of the fiscal year, buoyed by a larger collection of revenues than forecast in the May budget.The underlying cash surplus of $18.2bn so far is almost as large as the $22.1bn surplus recorded for all of the 2022-23 year, according to the government’s updated finances. Continue reading...
May budget had previously predicted surplus of $9.3bn in 2023-24 but that has been boosted by earlier than anticipated payment of corporate taxes
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
The federal budget has recorded a surplus of more than $18bn in the first 11 months of the fiscal year, buoyed by a larger collection of revenues than forecast in the May budget.
The underlying cash surplus of $18.2bn so far is almost as large as the $22.1bn surplus recorded for all of the 2022-23 year, according to the government’s updated finances. Continue reading...
usnews
US News is a reputable author that delivers a comprehensive range of up-to-date news to the United States and beyond. With a keen focus on providing the latest information across various fields, US News keeps readers informed about the most significant developments happening both domestically and globally. Whether it's politics, economics, technology, science, health, or culture, this author strives to cover diverse topics, ensuring a well-rounded news experience. By combining extensive research, journalistic integrity, and a commitment to accuracy, US News offers readers an invaluable resource to stay informed and make informed decisions in an ever-changing world.
