Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Jacob Shteyman and Ben McKay

Budget update to reveal Australia's fiscal fortunes

An analyst predicts a near-$10 billion improvement in the bottom line in the mid-year budget update. (James Ross/AAP PHOTOS)

Extra spending is taking its toll on the federal budget's bottom line but a stronger-than-expected tax take should soften the blow when the treasurer releases his mid-year budget update.

Jim Chalmers has already revealed a $12.7 billion blowout in "unavoidable" spending, half of which was due to natural disaster relief proving more costly than anticipated.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.