A return to balanced budgets is a decade away, mid-year update says
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.
The budget update, released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday,...
Read more: A return to balanced budgets is a decade away, mid-year update says
