Now it's Labor promising the budget will be (briefly) back in black
Retrieved on:
Tuesday, May 9, 2023
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The budget projects an improvement of more than $143 billion over four years to 2025-26 compared to the Coalition’s final budget, brought down in March last year by Josh Frydenberg.
Key Points:
- The budget projects an improvement of more than $143 billion over four years to 2025-26 compared to the Coalition’s final budget, brought down in March last year by Josh Frydenberg.
- The budget was last in surplus in Coalition Prime Minister John Howard’s final year – 2007-2008.
- The government will return to the bottom line 82% of revenue upgrades in this budget and 87% across its first two budgets.
- In an upbeat address to an enthusiastic Labor caucus meeting Albanese said the budget would be “in the best tradition of the Australian Labor Party”.