The 2023-24 Budget

The 2023-24 Budget – return to surplus with fastest improvement since end of WW2, cost of living help but structural deficits remain (albeit smaller).

Dr Shane Oliver, Head of Investment Strategy & Chief Economist insights

The budget this year is expected to return to a surplus of $4bn thanks to a continuing revenue windfall.

Key measures include cost-of-living support, more spending on aged care and a move to slow NDIS growth.