Australian government anticipates near-balanced budget in 2023/24

Australia's government expects a much improved budget bottom line this year as revenues outpace forecasts, but is resisting calls for more cost-of-living handouts to avoid inflaming inflationary pressures.

2023 12 12T234845Z 1 LYNXMPEJBB0WI RTROPTP 4 AUSTRALIA BUDGET 1 Scaled
FILE PHOTO: Australian Treasurer Jim Chalmers poses for a photograph as he arrives to attend a G20 finance ministers' and Central Bank governors' meeting at Gandhinagar, India, July 18, 2023. REUTERS/Amit Dave/File Photo

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