Budget update will revise down company tax receipts but treasurer Chalmers welcomes economy’s ‘soft landing’
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.
In his Wednesday ministerial statement on the economy, the forecasts remained subdued but Treasurer Jim Chalmers emphasised the upside.
Chalmers said any growth was welcome,...
