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Budget deficit slashed as tax take soars

The federal budget deficit forecast for this financial year has been slashed to just $1.1bn, all but guaranteeing Jim Chalmers will deliver back-to-back surpluses.In a move designed to ease inflationary pressures, the Mid-Year Economic and…

High interest rates costing budget billions

Australian taxpayers will be soon paying more on interest rates than the National Disability Insurance Scheme, according to figures to be released in the latest economic update. The mid-year economic update, to be unveiled by Treasurer Jim…