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government coffers

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…

Budget’s hidden ‘tourism tax’

Tourism organisations have slammed a measure in the federal budget that will inject $1.3bn to the government coffers as a move that will increase travel costs for everyday Australians. Inside Treasurer Jim Chalmers’ Tuesday budget was a…