The Final Budget Outcome for 2022‑23 [PDF 2.6MB] shows the Albanese Government's responsible economic management and spending restraint has delivered the first budget surplus in 15 years. The underlying cash balance was a surplus of $22.1 billion (0.9 per cent of GDP) in 2022‑23, a dramatic improvement from the forecast $77.9 billion deficit we inherited from the previous government. The $100 billion turnaround achieved in our first year in office is the biggest nominal budget improvement in Australian history.

https://www.miragenews.com/final-budget-outcome-shows-first-surplus-in-15-1089810/

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