Booming migration, more Australians working and paying tax, and higher-than-expected mining profits will push the federal government’s revenue collection to its highest share of GDP in almost two decades.
As Treasurer Jim Chalmers prepares to hand down his fourth budget on March 25, economists are urging the federal government to stem its growing reliance on taxing working Australians to fund spending.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
