Original article by Geoff Chambers, Patrick Commins
The Australian – Page: 1 & 4 : 28-Jun-23

Treasurer Jim Chalmers is set to announce that the surplus for 2022-23 will be significantly higher than the $4.2bn that was forecast in the budget on 9 May. Chalmers will attribute the better-than-expected budget bottom line to factors such as higher commodity prices and a strong labour market; however, the exact size of the surplus will not be known for several weeks. Chalmers will also advise that the government expects inflation to remain higher for longer than it would like, while economic growth is forecast to slow from 3.25 per cent to 1.5 per cent in 2023-24.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY