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Australia Posts Deficit A$6 Billion Below Forecast
Australia’s underlying budget deficit for the last fiscal year was A$22.3 billion, about A$6 billion below the May forecast of A$28.3 billion. Treasurer Jim Chalmers said the improved result reflected responsible fiscal management despite global volatility; officials had not yet detailed the factors behind it.
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About Jim Chalmers
James Edward Chalmers is an Australian politician who has served as the treasurer in the Albanese government since 2022. A member of the Labor Party, he has been the member of Parliament (MP) for the Queensland division of Rankin since 2013.
Everything about Jim Chalmers →- Occupation
- politician
- Position held
- member of the Australian House of Representatives, Minister for Home Affairs, Treasurer of Australia
- Citizenship
- Australia
- Born
- March 2, 1978