Federal Budget Analysis 2023 & Investment Markets Update

At 7:30pm on Tuesday 9 May 2023, the Treasurer, Jim Chalmers, released the Government’s 2023-24 Budget. The Budget is the Government’s plan for delivering targeted cost-of-living relief, investment in Government services and alleviating inflationary pressures. The Government has forecast a small Budget surplus in 2022-23, followed by a deficit in 2023-24 with lower future deficits forecast across the forward years compared to recent Budgets.

The Government expects inflation to fall from 6% this year to 3.25% next year before returning to the RBA’s target band in 2024-25.

Please see secure link to AW’s:  Federal Budget & Investment Markets Update