
Australian Budget 2023 – Winners, Losers and Australian Expats
The Australian Federal Budget for 2023 was delivered on Tuesday 9th May, which delivered the first surplus in 15 years, which came as no surprise to anybody. The Budget surplus was driven by commodity prices, particularly iron ore being significantly higher than Treasury’s forecast of US$55, record low unemployment rates, and general bracket creep resulting in higher than expected tax receipts. To put it in perspective, the current Government is expected to bank a further $22 billion in additional revenue from the record coal and iron ore prices we are currently seeing. It’s important to note that the surplus will…




