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

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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

“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.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Closest thing Labor has come to a business is to ‘close it down’: Michaelia CashShadow Minister for Employment and Workplace Relations Michaelia Cash says the closest thing members of the Labor Party have ever come to in relation to a business is to “close it down”.
Source: SkyNewsAust - 🏆 7. / 78 Read more »