Budget surplus a result of ‘bracket creep’: Shadow Finance Minister

Indonesia Berita Berita

Budget surplus a result of ‘bracket creep’: Shadow Finance Minister
Indonesia Berita Terbaru,Indonesia Berita utama

The reason the budget is forecasting a higher surplus than expected is due to “bracket creep”, according to Shadow Finance Minister Jane.

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“Commodity prices are so high and of course because inflation is high, that means that so many Australians are being pushed up into a higher tax bracket through bracket creep,” she told Sky News

Australia.“But really, if Jim Chalmers was such a good economic manager, why is he then forecasting a deficit in every budget year from here right through the forward estimates for the next four years.”

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