Tag: budget surplus
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Chalmers claims credit for bigger-than-expected surplus – spending restraint the key
Labor will hand down a $15.8 billion surplus for the 2023/24 financial year when the final budget outcomes are released on Monday. It will be the second time in a row the government has handed down a consecutive surplus , the first time since 2007/08. The federal budget was expected to record a $9.3…
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Steaming ahead: King coal drives state’s economic engine to record surplus
The record result comes via higher resources royalties off the back of global coal and oil price surges. But Treasurer Cameron Dick has warned in his mid-financial year budget update released on Wednesday that the roaring conditions flowing from the resources sector will not last. “Today’s record surplus is a high-water mark that won’t be…
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Sunshine and happiness – for now – as state posts bumper surplus
Treasurer Cameron Dick announced an unexpected $1.9 billion surplus for the 2021/22 financial year in June against a predicted $1.49 billion deficit. However, the figure has now been revised up to $4.3 billion on the back of better-than-expected earnings from land tax, payroll tax and GST. “The $4.3 billion surplus is the largest Queensland surplus…