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AAP
AAP
Politics
Andrew Brown

Treasurer reveals $50b budget turnaround

Jim Chalmers Federal Budget
Treasurer Jim Chalmers said next month's federal budget would include some "difficult decisions". (Lukas Coch/AAP PHOTOS) (AAP)

The federal budget recorded a $50 billion improvement in its bottom line last financial year, but the treasurer warns the turnaround is temporary.

Jim Chalmers revealed on Tuesday the final budget outcome for 2021/22 - to be released in full next Wednesday - would be $50 billion better then predicted due to $28b in higher-than-expected revenues and $20b of lower payments.

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