Second surplus on track for Australia but budget will report a fall in revenue, says treasurer

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Second surplus on track for Australia but budget will report a fall in revenue, says treasurer - short news

Jim Chalmers says slide in iron ore prices and uptick in jobless rate mean budget will report a much smaller revenue upgrade than in recent years

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The government remains on track for a second straight surplus but the recent slide in iron ore prices and an uptick in the jobless rate mean the budget will report a much smaller revenue upgrade than in recent years, treasurer Jim Chalmers said.

The coming budget,..

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source: The Guardian - 13.03.2024