Australia On Track for Second Surplus Despite China Concerns
- Economy slowing and labor market softening, treasurer says
- Chinese growth softer than we would like, Chalmers says
Jim Chalmers
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Australia is on track to deliver a second consecutive budget surplus even as mounting headwinds in key trading partner China and geopolitical tensions weigh on its economy, Treasurer Jim Chalmers said in Washington.
Chalmers will hand down his latest fiscal blueprint in just under four weeks’ time, though as in previous years major announcements of economic policies and projections are expected to be trickled out in the lead up to the release.