Opinion
Spending pressures make third surplus unlikely
The treasurer has delivered a solid second budget surplus of $15.8 billion on the back of booming income tax receipts, but future spending pressures are emerging.
John KehoeEconomics editorTreasurer Jim Chalmers has delivered a solid second budget surplus of $15.8 billion on the back of booming income tax receipts, but future spending pressures are building.
Spending last financial year was $10 billion lower than forecast, due to a stronger labour market causing less demand for welfare payments and the government delaying about $4.2 billion in grants to the states for infrastructure and other social programs.
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