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

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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.”

 

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