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02:08
Australian gov't reports 2nd consecutive budget surplus
STORY: Australian gov't reports 2nd consecutive budget surplus
SHOOTING TIME: Sept. 30, 2024
DATELINE: Oct. 1, 2024
LENGTH: 0:02:08
LOCATION: Canberra
CATEGORY: ECONOMY
SHOTLIST:
1. various of banks
2. various of import and export cargo containers
3. various of The Parliament of Australia
4. various of construction teams working
STORYLINE:
The Australian government has reported a second consecutive budget surplus for the first time in 15 years.
Treasurer Jim Chalmers and Katy Gallagher, the minister for finance, on Monday released the Final Budget Outcome for the financial year 2023-24, which ended on June 30, revealing a final cash surplus of 15.8 billion Australian dollars (10.9 billion U.S. dollars).
It follows a surplus of 22.1 billion Australian dollars (15.3 billion U.S. dollars) in 2022-23, marking the first consecutive surpluses since 2007-08.
The federal budget for 2024-25, which Chalmers handed down in May, projected a 2023-24 surplus of 9.3 billion Australian dollars (6.4 billion U.S. dollars).
Chalmers and Gallagher attributed the improvement to lower-than-expected government spending.
Xinhua News Agency correspondents reporting from Canberra.
(XHTV)
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