Treasurer cites lower government spending as the key driver behind the $15.8bn surplus, which is $6bn better than May’s forecast
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Jim Chalmers will on Monday reveal a $15.8bn budget surplus in an economic update, more than $6bn higher than predicted at May’s federal budget.
The treasurer says the better-than-forecast budget position has come “entirely” from lower government spending, a detail the treasurer highlights as Labor comes under scrutiny from the opposition and the Reserve Bank over concerns that public expenditure is helping to drive inflation.
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