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The New Daily
The New Daily
Poppy Johnston and Tess Ikonomou

Budget tipped to go back in black with $4 billion surplus, as debts reduced

Jim Chalmers Anthony Albanese Jane Hume Federal Budget
Treasurer Jim Chalmers says the budget will balance cost-of-living relief with responsible spending. Photo: AAP

The federal budget is predicted to dip into the black this financial year which, if it eventuates, will be the first time a surplus is recorded in 15 years.

Treasurer Jim Chalmers will on Tuesday unveil updated forecasts, with a near $4 billion surplus predicted for 2022-23.

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