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as said last night on 7.30, Chalmers reckons the expenses for...

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Scott th Ratbag

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14/05/24

16:21

Post #: 73819402
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Originally posted by googs: ↑

In short:The federal budget will reveal a $9.3 billion surplus for the 2023-24 financial year, which ends next month.
The next three years will all have larger deficits than expected in December.
Today's federal budget will deliver a $9.3 billion surplus for the current financial year ending in June.
It's the second consecutive budget surplus – where revenue exceeds spending – in nearly two decades.
But the next three financial years will each have higher deficits than the government had expected, owing to what it calls "unavoidable spending as recently as December
The size of those deficits is not yet known, but the December estimates were $18.8 billion, $35.1 billion and $19.5 billion, respectively.

as recently as December.....they have no idea what is going on

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as said last night on 7.30, Chalmers reckons the expenses for the next 3 yrs are "unavoidable" expenses.

eg., NDIS escalation, projects committed to by the former govt. eg AUKUS sub costs, and reduced revenue from tax cuts.
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