2024 Federal Budget
On Tuesday 14 May, Treasurer Jim Chalmers handed down the Federal Budget for 2024/25, which was eagerly awaited given continued cost of living pressures and high interest rates impacting the financial situation of many Australians.
The Government announced a surplus of $9.3 billion this financial year, it’s second consecutive surplus, however net debt remains at $500 billion and future budget deficits are forecast for the next four financial years.
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