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AAP
AAP
Business
Jacob Shteyman

Budget takes $8.2b hit thanks to black market tobacco

The treasurer has flagged action on illicit tobacco, while forecasts show lower excise revenue. (Joel Carrett/AAP PHOTOS)

Australia's roaring tobacco black market has blown more holes in the federal budget but Treasurer Jim Chalmers continues to stare down calls to tackle the excise driving the trade.

In Dr Chalmers' mid-year budget update released on Wednesday, Treasury revised down the expected tax take from the tobacco excise by $8.2 billion over four years

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