Federal Budget 2024/25 - On the edge of the narrow path

CommBank Global Economic & Markets Update podcast

The 2024/25 Federal Budget was handed down on 14 May 2024. After two consecutive surpluses, a larger than expected profile of budget deficits are forecast for 2024/25 and the years ahead as the Federal government lifts spending on new initiatives while previous revenue gains from a stronger than anticipated economy dry up. In the podcast Belinda Allen, Senior Economist and Stephen Halmarick, Chief Economist discuss the fiscal outlook and what is means for the Reserve Bank of Australia. An overview of key policies and the economic forecasts are also discussed.

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