Treasurer Jim Chalmers has tipped a substantial boost to the budget bottom line after a verbal slip on live television that hinted at the prospect of a surplus.
The treasurer said the stronger outlook would include “upward revisions to surplus” before he corrected himself to emphasise the revisions would show the big gains in tax revenue this year.
“You wouldn’t even be asking me these questions were it not for the responsible approach that we’ve taken to the budget over the course of two budgets now, banking most of the upward revisions to surplus,” he said. The energy package will be delivered with the states under deals flowing from last year’s federal decisions to cap the price of gas and coal and work with state and territory governments to pass rebates to households in their energy bills.
“But as I said, depending on where you live, what the price pressures are, depending on how much the states and territories are prepared to kick in, because this is a co-investment with them.” A single person with no children receives a base rate of $693.10 per fortnight on the JobSeeker program but a person aged 60 or older who has been on the benefit for nine months receives $745.20.
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