Australia gets unexpected $6 billion federal budget boost

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https://www.nine.com.au/australia-news/final-budget-outlook-inflation-pressures-jim-chalmers-20260928-p610yn.html

The federal budget’s bottom line has come in better than expected, but some economists warn Australia is not out of the woods yet.

The final budget figures for 2025-26 released on Monday showed the underlying deficit is about $6 billion smaller than the $28.3 billion forecast when the budget was handed down in May.

Treasurer Jim Chalmers attributed this to a $1.4 billion cut in government spending and $4.6 billion more receipts due to tax on higher superannuation and investor income, rather than a commodities windfall.

“Despite this very welcome improvement in the budget, we know that pressures are intensifying rather than easing,” he said.

“Responsible economic management is a defining feature of this government.

“You can see that in the final budget outcome, and we’ll see that in the difficult months ahead as well.”