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:
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