The budget is back in the black – for now. The Australian federal budget position will briefly return to surplus in 2022-23 to the tune of $A4.2 billion, before slipping back into deficit in 2023-24.

The budget also contained measures aimed at addressing the cost-of-living for Australians as well as offering support for women. You can see the key details in the easy-to-read and easy-to-share infographic below.

By Adelaide Timbrell & Madeline Dunk

Adelaide Timbrell is a Senior Economist & Madeline Dunk is an Economist at ANZ

This article originally appeared in ANZ Insights on 10 May 2023

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

Source: ANZ