Treasurer Jim Chalmers has arrived in Canberra ahead of budget night, confirming Australia is back in black as he prepares to post a surplus for the first time in 15 years. ccroucher9 9News MORE:
Nine Political Editor Charles Croucher said Treasurer Jim Chalmers will be eager to spend some of the surplus budget money on targeted cost-of-living relief.
"It's a big deal for a Labor government," said Croucher. It hasn't happened for a Labor treasurer since Paul Keating in 1988-98. That's how long it's been. "I think a lot of Australians sit back and we are back in surplus but didn't we have trillion dollars in debt last week?"
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