Ang Claim
“Nagbigay ng $22.1 bilyon (2022-23) at $15.8 bilyon (2023-24) na mga budget surplus, ang pinakamalaking magkasunod na surplus sa kasaysayan”
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💭 KRITIKAL NA PANANAW
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5.5
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5.5
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📚 MGA PINAGMULAN AT SANGGUNIAN (7)
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1
Labor delivers biggest ever back-to-back surpluses
The Final Budget Outcome for 2023–24 shows the Albanese Government’s responsible economic management has delivered a second consecutive budget surplus. The Albanese Government has delivered the first back‑to‑back surpluses in nearly two decades.
Ministers Treasury Gov -
2PDF
Final Budget Outcome 2023-24
Archive Budget Gov • PDF Document -
3
Opening statement to the Economics Legislation Committee
Thank you for the opportunity to make an opening statement. International outlook Most advanced economies recorded subdued growth in 2023, with around one‑third of OECD economies experiencing a technical recession. This follows the fastest synchronised tightening of monetary policy in decades.
Treasury Gov -
4
Final Budget outcome shows first surplus in 15 years
Ministers Finance Gov
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5PDF
Annual Report 2023–24
Treasury Gov • PDF Document -
6
Peter Costello's five most 'profligate' decisions as treasurer cost the budget $56bn a year
In addition to his free advice, Peter Costello has gifted Joe Hockey the budget’s current structural deficit, mainly through tax giveaways to the rich
the Guardian -
7
Australia Posts Budget Deficit in FY2024/25
Australia registered a budget deficit of just under A$10 billion (approximately $6.55 billion), or about 0.4% of GDP, for the year ending June 2025, the government said on Sunday, snapping two rare years of budget surpluses. The latest figures from the Final Budget Outcome 2024/25 were smaller than the A$27.9 billion deficit forecast earlier this year by the Treasury and Finance Department, the Labor government added. The improved budget position was attributed to upgraded banking revenue, real spending restraint, and cost savings, the government said. “It’s a reminder that we have one of the strongest budgets in the G20,” Treasurer Jim Chalmers said in a statement, as reported by Reuters. Australia logged a surplus of A$15.8 billion for the year ending June 2024, following a surplus of A$22.1 billion for the year ending June 2023 — the country’s first budget surplus in 15 years.
Tradingeconomics
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