Labor Set for Budget Boost Thanks to Higher Tax Take

Labor Set for Budget Boost Thanks to Higher Tax Take
Shoppers are seen in Westfield Bondi Junction in Sydney, on March 23, 2020. Jenny Evans/Getty Images
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More jobs, higher commodity prices, and stronger population growth are set to swell the government’s coffers ahead of the federal election.

Independent economist Chris Richardson has crunched the numbers and reckons the government’s cash balance will be $11 billion (US$6.9 billion) better off than Treasury predicted in its mid-year budget update in December.