The federal budget has substantially improved over the past year to the extent that the 2022-23 Final Budget Outcome could be in surplus.
Australia’s second Budget for 2022-23 will be handed down next week (7.30pm on Tuesday 25th). Treasurer Chalmers has framed this Budget as one that will not add to inflation risks amid elevated cost-of living pressures and which occurs with a background of rising global recession risks.
NAB’s view is the RBA will start to hike by August 2022, depending on whether the RBA pivots to a forward-looking approach to policy.
Insights, Trends & Case Studies
The Australian Budget is set to be unveiled next Tuesday night, ahead of the federal election that must be held on or before 21 May 2022.