Budget deficit this financial year to be $36.9 billion
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.
The forecast for gross debt will also be lower than earlier estimates.
The 2022-23 deficit is forecast to be $36.9 billion, compared to a forecast of $78 billion in the March budget...
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