More spending and weaker revenue hits budget bottom line in some years: Chalmers
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Wednesday’s mid-year budget update will downgrade company tax receipts by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates, Treasurer Jim Chalmers says.
The company tax downgrade is the first since 2020 and reflects weaker volumes in commodity...
Read more: More spending and weaker revenue hits budget bottom line in some years: Chalmers
