Budget

2024 - 5 - 13

Federal Budget Rollercoaster: Surplus Today, Deficits Tomorrow

Federal Budget -- Federal Budget 2024 -- budget 2024 Budget Surplus - Deficit - Economic Forecasting - Federal Budget - Inflation - Jim Chalmers - Tax Cuts - Federal Budget 2024 - budget 2024

Discover the rollercoaster ride of the Federal budget from a $9.3 billion surplus to looming deficits!

The federal budget for this year promises a $9.3 billion surplus, bringing temporary relief. However, the future holds bigger deficits, signaling uncertain economic times ahead. Treasurer Jim Chalmers aims to provide cost-of-living relief for struggling Australians, emphasizing support for families and the middle class. While some applaud the measures, concerns linger about the long-term consequences of stimulatory actions.

Labor's budget forecasts a surplus of $9.3 billion, focusing on assisting households in need. Despite the positive outlook, experts warn of inflation risks. The following years are projected to spiral into deficits after the initial surplus, reflecting a challenging fiscal outlook.

In a surprising turn, Jim Chalmers celebrates a back-to-back surplus achievement of $9.3 billion, marking a significant milestone. Speculations arise about whether the budget measures will effectively combat rising inflation pressures. The technological advancements in the budget, like the $23.4 million allocation for upgrading smart wallet encryption, showcase a push towards modernization and digital security.

As the budget landscape fluctuates, the crucial question remains - will the budget's impact on inflation be enough to stabilize the economy? Amidst debates and forecasts, Treasurer Chalmers' budget strategies draw attention to their potential effects on the nation's financial stability. Stay tuned for the unveiling of the detailed budget plan, shaping the economic trajectory for the coming years.

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Image courtesy of "ABC News"

Budget to confirm a surplus this year, but bigger deficits for the next ... (ABC News)

Tomorrow's federal budget will deliver a $9.3 billion surplus for the current financial year, but the next three will each have higher deficits than the ...

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Image courtesy of "The Guardian"

Federal budget to remain in the black with forecast surplus of $9.3bn ... (The Guardian)

Jim Chalmers signals cost-of-living relief for those 'doing it tough' โ€“ but some question the wisdom of adopting stimulatory measures too soon.

Chalmers' Third Budget Predicts $9 (Mirage News)

The third Chalmers' budget will deliver a surplus of $9.3 billion for this financial year - the second successive surplus of the Albanese.

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Image courtesy of "The Western Weekender"

"A budget for mums and middle Australia": Jim Chalmers (The Western Weekender)

โ€œWhether it is a bigger tax cut for more than 90% of women, paying superannuation on paid parental leave, wiping HELP debt, or funding wage increases in aged ...

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Image courtesy of "Daily Telegraph"

Labor's budget $9.3bn in black but inflation risk looms (Daily Telegraph)

Treasurer Jim Chalmers will on Tuesday sell a budget Labor claims will help struggling households, but a growing chorus of experts warn the plan will also ...

Budget 2024: Second surplus of $9.3b and then a sea of red ink (The Australian Financial Review)

Tuesday's federal budget will forecast a surplus of $9.3 billion for this financial year, after which the bottom line will plunge into successive deficits.

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Image courtesy of "NEWS.com.au"

Chuffed Chalmers claims $9.3b budget win (NEWS.com.au)

Treasurer Jim Chalmers is set to announce a back-to-back surplus of $9.3 billion on budget night for the first time in almost two decades.

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Image courtesy of "ABC"

Will the federal budget help lower inflation? - ABC listen (ABC)

Finance Minister Katy Gallagher says inflation will fall sooner-than-expected because budget measures, to be revealed tomorrow night, will take pressure off ...

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Image courtesy of "The Sydney Morning Herald"

$9.3 billion: Chalmers lands the surplus double in third budget (The Sydney Morning Herald)

After producing a record $22.1 billion surplus in their first budget, Chalmers and Finance Minister Katy Gallagher will unveil a $10.5 billion improvement in ...

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Image courtesy of "NEWS.com.au"

Warning to Albo: Go big or risk majority (NEWS.com.au)

Respected pollster and former Labor strategist Kos Samaras has warned the federal government that without a bold and aspirational policy vision in Tuesday's ...

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Image courtesy of "The Australian Financial Review"

Budget 2024: $23.4m in budget to upgrade smart wallet encryption (The Australian Financial Review)

New smart wallet technology, which will enable people to easily and securely share their Medicare cards, passports and driver's licences using their mobile ...

Council scrutinizes proposed city health budget (Politico)

Members of the Council will question top health officials today about Mayor Eric Adams' executive budget proposal for the 2024-25 fiscal year, which begins ...

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Image courtesy of "The Canberra Times"

Australian budget 2024: major investments revealed (The Canberra Times)

Discover key measures and priorities in the Albanese government's budget, including tax cuts and cost-of-living relief.

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Image courtesy of "NEWS.com.au"

Chalmers to unveil big surplus surprise (NEWS.com.au)

Despite forecasting a second consecutive surplus, Tuesday's budget will show the nation's finances falling further into the red from next financial year.

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Image courtesy of "Education โ€“ Australian Associated Press"

Chalmers delivers back-to-back blacks in budget (Education โ€“ Australian Associated Press)

The federal budget on Tuesday will reveal a $9.3 billion surplus for the 2023/24 financial year, the first time the country's finances will be in the black for ...

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Image courtesy of "BNN"

Australia to Post Second Budget Surplus, Defying Global Trends ... (BNN)

(Bloomberg) -- Australian Treasurer Jim Chalmers will announce the government's books are in the black for a second straight year, putting the nation's ...

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Image courtesy of "The Northern Daily Leader"

Chalmers delivers back-to-back blacks in budget (The Northern Daily Leader)

Jim Chalmers' third federal budget will produce a $9.3 billion surplus, the first consecutive result in the black...

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Image courtesy of "The Conversation AU"

Jim Chalmers' third budget will have a surplus of $9.3 billion for this ... (The Conversation AU)

Tuesday's budget will show there has been an improvement of $10.5 billion in the bottom line. The update forecasted a deficit of $1.1 billion for 2023-24.

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Image courtesy of "ABC News"

What's in this year's federal budget? Here are all of the ... (ABC News)

Treasurer Jim Chalmers will hand down his third federal budget tonight, but the government has been steadily drip-feeding key announcements for weeks.

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Image courtesy of "The New Daily"

Chalmers delivers back-to-back blacks in budget (The New Daily)

Treasurer Jim Chalmers will announce a $9.3 billion surplus for the 2023/24 financial year, the first back-to-back federal budget surpluses in nearly two ...

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Image courtesy of "NEWS.com.au"

What Aussies can expect from the budget (NEWS.com.au)

Treasurer Jim Chalmers is set to hand down his second budget with a back-to-back surplus of $9.3 billion for the first time in almost two decades.

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Image courtesy of "Courier Mail"

Chalmers to unveil big surplus surprise (Courier Mail)

Treasurer Jim Chalmers will deliver back-to-back budgets in the black, with fresh forecasts of the nation's finances set to show a surplus of $9.3bn for the ...

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Image courtesy of "AccountantsDaily"

Business tax incentives, tax reform top of budget wishlist (AccountantsDaily)

The accounting profession has outlined the critical measures it would like to see handed down in tonight's federal budget.

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Image courtesy of "InDaily"

Another surplus for federal budget - InDaily (InDaily)

Jim Chalmers' third budget as treasurer will show a $10.5 billion improvement on forecasts made in December, with the mid-year update having shown a deficit of ...

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Image courtesy of "Reuters Australia"

Australia sees second straight budget surplus, inflation easing sharply (Reuters Australia)

Australia's government will boast a second consecutive budget surplus on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to ...

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Image courtesy of "ClimateWorks Australia"

Federal Budget 2024: Climateworks Centre experts available for ... (ClimateWorks Australia)

Climateworks Centre experts are available to discuss issues relating to the Australian federal Budget to be handed down by Treasurer the Hon Dr Jim Chalmers MP ...

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Image courtesy of "ABC News"

The 2024 federal budget is being released tonight. Here's what you ... (ABC News)

The release of the budget will inevitably involve a lot of political talk, but the government's plan will impact your financial situation in one way or ...

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Image courtesy of "The Age"

Greenline project's future in doubt as council pulls ongoing funding (The Age)

Outgoing Lord Mayor Sally Capp's passion project, the landmark Greenline trail, is among a dozen major projects without an ongoing funding commitment in ...

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Image courtesy of "ABC News"

Federal budget 2024 live updates: Question Time begins in ... (ABC News)

Question Time is getting underway ahead of Treasurer Jim Chalmers handing down the 2024 federal budget. Follow live.

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Image courtesy of "Canberra CityNews"

Budget will deliver a surplus of $9.3 billion | Canberra CityNews (Canberra CityNews)

Jim Chalmers' third budget will have a surplus of $9.3 billion for this financial year, reports MICHELLE GRATTAN.

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