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Federal Budget 2024

Finance

Chalmers “shooting for a second surplus” amid shifting budget fortunes

Federal treasurer Jim Chalmers is still angling for a second surplus but warns softening commodity prices and the weakening jobs market could ruin the upside surprise.
Poppy Johnston
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Treasurer Jim Chalmers. Source: AAP Image/Lukas Coch

The federal treasurer is still angling for a second surplus but he warns softening commodity prices and the weakening jobs market could ruin the upside surprise.

A record $22 billion surplus was delivered in 2022-23 thanks to strong commodity prices and higher-than-expected income and company tax revenue.

A bigger tax take from companies and individuals than expected allowed the federal government to shrink its deficit forecasts for 2023-24 in the midyear update from the $13.9

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Federal Budget 2024

SmartCo’s coverage of the Federal Budget 2024.

  1. Neural Notes: The government was right to bankroll safe AI in the budget
  2. Peter “I’ve run a small business” Dutton delivers budget reply
  3. Cryptocurrency finally mentioned in a Labor budget, sort of
  4. Opinion: The 2024 budget will tip small businesses on the brink over the edge
  5. Future Made in Australia a missed opportunity to drive women entrepreneurship
  6. Fighting inflation with subsidies? It’s been done before, successfully
  7. Coalition to block $13.7 billion Future Made in Australia manufacturing subsidies
  8. Budget support measures will put Chalmers’ economics to the test
  9. “D for dull”: Small business groups lament lack of support and tax reform in budget
  10. “An election budget not an entrepreneur’s one”: Startups react to the 2024 budget
  11. The word ‘startups’ only appeared once in the 2024 federal budget
  12. No love for entrepreneur programs in this year’s budget
  13. Responsible AI gets $39.9 million in the federal budget
  14. Farmers get $625 million to prepare for climate change and drought
  15. Future Made in Australia unveils $1.7 billion innovation fund
  16. New $325 energy bill rebates for one million small businesses
  17. Small business mental health in focus with budget funding for debt helpline and NewAccess
  18. E-invoicing gets $23.3 million in budget scam-fighting measures
  19. Government to change laws about how ‘on hold’ tax debts are handled
  20. Nine things startups need to know about the 2024-25 federal budget
  21. Analysis: Future focused government tries to help small business through painful present
  22. ATO to receive $187 million to combat tax and superannuation fraud
  23. Budget grants $20.5 million for Fair Work to help SMEs with IR compliance
  24. Budget 2024: What SMEs need to know about the $20,000 instant asset write-off extension
  25. Budget 2024: 16 things SMEs need to know about the federal budget
  26. Stop fiddling round the edges: Make the $20,000 instant asset write-off permanent
  27. What we know will be in the 2024 federal budget
  28. Budget 2024: Australian sole traders most want to see tax relief in the budget
  29. Labor’s third budget to post a surplus of $9.3 billion
  30. Your A-Z for the 2024 federal budget: The ultimate glossary
  31. Budget predictions show inflation to return to target soon
  32. Budget 2024: Startup sector’s wishlist calls for regulatory clarity, improved investment market
  33. SMEs call on government to incentivise future growth ahead of budget
  34. Pre-budget announcements quiet on tech and startups this year
  35. Budget 2024: $20,000 instant asset write-off extended again almost 10 years after is started
  36. Budget 2024 wishlist: Small business measures that can help drive growth
  37. Budget 2024: Raise instant asset write-off threshold to $150,000 say industry leaders
  38. Federal budget: $91 million tradie training pledge to help Australia hit ambitious housing target
  39. Make or break tax breaks: BDO’s 2024-25 federal budget prediction
  40. Tax receipts up as Treasurer tempers budget expectations
  41. Government expands $10,000 apprenticeship scheme in search for clean and green energy workers
  42. Exclusive: Half of Australian SMEs not using last year’s headline budget measures
  43. One year later, how did the 2023-2024 budget perform for small businesses?
  44. Master Builders Australia CEO shares budget wishlist and hopes for small business
  45. As hacks and scams hit small businesses, ASBFEO calls for new digital media dispute service
  46. South Australian small businesses call for $1300 energy bill rebate amid “escalating” costs
  47. Chalmers: Surplus still the target, small business tax rate unlikely to change in federal budget
  48. FinTech Australia calls for renewed government support ahead of federal budget
  49. ‘Can’t sit on the sidelines’: Albanese promises direct industry support in pre-budget pledge
  50. ARA CEO reveals retailers’ wishlist for May budget
  51. Chalmers “shooting for a second surplus” amid shifting budget fortunes
  52. Chalmers says budget won’t ignore the slowing economy
  53. Big Shed Brewing, Hawkers Beer tap the administrators as craft beer sector calls for excise freeze
  54. $150,000 instant asset write-off, codes protecting SMEs in COSBOA budget wishlist
  55. Write-offs, grants, AI awareness: Business sector’s 2024 federal budget wishlist

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