Australia eyes first budget surplus in 15 years
Australia is projecting its first budget surplus in 15 years, heralding a commodities-fuelled victory for the year-old centre-left government. – EPA pic, May 9, 2023.
RESOURCE-RICH Australia is projecting its first budget surplus in 15 years, the country’s treasurer said today, heralding a commodities-fuelled victory for the year-old centre-left government. “We are now forecasting a surplus this year, smaller deficits after that,” Jim Chalmers told media, hours before unveiling what is expected to be a A$4 billion surfeit.
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