Budget

• Surplus of $4.2 billion for current financial year
•. Deficit of $13.9 billion expected in 2023-24
•. From 1 July 2026, employers will be required to pay superannuation on payday, rather than quarterly

High commodity prices and a strong labour market have delivered stronger revenues and enabled the Federal Government to post the first budget surplus in 15 years while also funding key programs and cost-of-living relief.

Federal Treasurer Dr Jim Chalmers forecasts a surplus of $4.2 billion – or 0.2 per cent of GDP – in 2022-23, an improvement of $41.1 billion on last year’s October budget.

Summary of he 2022-23 federal budget for business as delivered on 25 October 2022.

Highlights of he 2022-23 federal budget for personal tax as delivered on 25 October 2022.

On Tuesday, 25 October 2022, Treasurer Jim Chalmers handed down the 2022-23 October Federal Budget. This second Budget for 2022-23 …

Federal Budget 2022-23 Snapshot Read More »