Jim Chalmers confirms deficit in next week's federal budget
- avawilliams012
- Mar 17
- 1 min read
Federal Treasurer Jim Chalmers has confirmed the brief era of budget surpluses will end next week, when he will hand down a budget in deficit.
A decade of budgets in the red has been forecast by the federal government for some time, but a weak Australian dollar had increased revenues from minerals exports and fuelled speculation the treasurer might be able to eke out one last surplus.
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