Australian Treasurer Chalmers remarks via Reuters:

  • Second consecutive budget surplus within reach
  • This is not the time for scorched earth austerity
  • This is not the time to slash and burn in the budget
  • We will chart a responsible middle path in budget

If he is building us up like this then its likely to be a surplus. At the margin this takes some pressure off the RBA.

chalmers 28 July 2022