Treasurer Chalmers announces second consecutive  federal budget surplus - video Dailymotion

Australian Treasurer Dr Jim Chalmers announces the 2023-24 federal budget is a $15.8 billion surplus.

Transcript

00:00Well today Katie Gallagher and I are releasing the final budget outcome for the year just

00:06finished which shows that the Albanese Labor Government has delivered a second consecutive

00:12budget surplus.

00:15This is a powerful demonstration of our responsible economic management.

00:20Responsible economic management is a defining feature of the Albanese Labor Government.

00:26These are the first consecutive surpluses in almost two decades.

00:30In our first year a $22 billion surplus which was a $100 billion turnaround.

00:36In our second year a $15.8 billion surplus which is a $72 billion turnaround.

00:43That $172 billion turnaround in just two years is the biggest nominal improvement in the

00:51budget in a parliamentary term ever.