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
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The Albanese government says it is on track to record a surplus for the current fiscal year twice as large as predicted in the May budget.
In the 11 months to the end of May, the underlying surplus was on course to reach $18.2bn for the fiscal year, almost as large as the $22.1bn surplus recorded in 2022-23, 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 taxesFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Albanese government says it is on track to record a surplus for the current fiscal year twice as large as predicted in the May budget.In the 11 months to the end of May, the underlying surplus was on course to reach $18.2bn for the fiscal year, almost as large as the $22.1bn surplus recorded in 2022-23, according to the government’s updated finances. Continue reading…