• Australia’s government will boast a second consecutive budget surplus on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of living relief and industry incentives.
• Figures from Treasury showed the government is expected to post a surplus of A$9.3 billion ($6.14 billion) for the fiscal year to June 2024, after a A$22.1 surplus last year, marking the first back-to-back budgets in the black in nearly two decades.

https://www.reuters.com/world/asia-pacific/australia-sees-second-straight-budget-surplus-inflation-easing-sharply-2024-05-13/