Australia posted back-to-back budget surpluses for the first time in 16 years.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionWhere Cargo Bikes Are Freeing Cities From Polluting VansThe underlying cash surplus was A$15.

AUSTRALIA REPORTS SECOND CONSECUTIVE BUDGET SURPLUS FOR FIRST TIME IN 15 YEARS CANBERRA, SEPT 30 (Bernama-Xinhua) -- The Australian government has announced its second consecutive budget surplus, marking the first time in 15 years that the country has achieved this financial milestone, reported Xinhua.

A Newspoll survey published in the Australian newspaper showed primary support for Labour has dipped to its equal lowest since the 2022 election with housing – including rents and mortgages – the most significant cost-of-living issue, eclipsing grocery and energy bills. — Bloomberg

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

The federal government has delivered a second budget surplus, with Treasurer Jim Chalmers to release the final budget outcome for the 2023-24 financial year later today.

Treasurer Jim Chalmers has announced the Albanese government has delivered a budget surplus of $15.8 billion. Mr Chalmers is the first Labor treasurer since Paul Keating to produce back-to-back budget surpluses.