Treasurer Jim Chalmers warns of budget deficits for the next three years: Explainer 19 Dec
Australian Treasurer Jim Chalmers speaks during a Mid-Year Economic and Fiscal Outlook media conference (AAP) Source: AAP / LUKAS COCH
After recording two years of budget surplus, the Labor government says it expects a small deficit in the 2024-25 financial year, according to the government's mid-year budget update. Treasurer Jim Chalmers also warns Australia will continue to face a budget deficit in the next three years. Listen to SBS Sinhala explainer for more information.
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