Australian Treasurer Dr Jim Chalmers announces the 2023-24 federal budget is a $15.8 billion surplus.
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00:00Well today Katie Gallagher and I are releasing the final budget outcome for the year just
00:06finished which shows that the Albanese Labor Government has delivered a second consecutive
00:12budget surplus.
00:15This is a powerful demonstration of our responsible economic management.
00:20Responsible economic management is a defining feature of the Albanese Labor Government.
00:26These are the first consecutive surpluses in almost two decades.
00:30In our first year a $22 billion surplus which was a $100 billion turnaround.
00:36In our second year a $15.8 billion surplus which is a $72 billion turnaround.
00:43That $172 billion turnaround in just two years is the biggest nominal improvement in the
00:51budget in a parliamentary term ever.