The 2023-24 Budget – Oliver’s Insights

AMP’s Dr Shane Oliver discusses the measures, projections and implications of the 2023-24 budget in this edition of Oliver’s Insights.

Dr Oliver summarises the key points as follows:

  • The budget this year is expected to return to a surplus of $4bn thanks to a continuing revenue windfall.
  • Key measures include cost-of-living support, more spending on aged care and a move to slow NDIS growth.
  • Implications for inflation and hence the RBA are minimal.
  • Despite savings measures structural budget deficits remain in the medium term as the revenue windfall fades.

You can access a copy of this edition of Oliver’s Insights here:

Oliver’s Insights