The treasurer said the stronger outlook would include “upward revisions to surplus” before he corrected himself.
Treasurer Jim Chalmers has tipped a substantial boost to the budget bottom line after a verbal slip on live television that hinted at the prospect of a surplus.
On cost-of-living relief, the treasurer said: “People will be getting several hundred dollars if they are on pensions and payments.”Asked on Sky News whether he would show a “symbolic surplus” in the budget on Tuesday, the treasurer said that question was only possible because Labor had saved the increase in revenue rather than spending the proceeds.
Chalmers revealed a key aspect of the revenue forecast by saying that only 20 per cent of the revenue gain came from stronger prices for commodities such as coal and iron ore, saying much more came from domestic factors such as better employment and wages.
“People will be getting several hundred dollars if they are on pensions and payments, or a small business,” Chalmers told ABC News. “I would encourage your viewers to be careful about the assumptions that people are making about the budget on Tuesday night,” he told the ABC.The Seven Network reported last week that the government would increase JobSeeker for people aged 55 and over, triggering strong criticism of the government from social service groups that are seeking an increase for all.
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