09 May The 2023-24 Budget

Key Points:

• 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.
• Implications for inflation and hence the RBA are minimal.
• Despite savings measures structural budget deficits remain in the medium term as the revenue windfall fades.

To read the full article click here.