Federal budget 2022: Deficit halved, $11 billion boost to health, aged care

Karen Barlow
Updated October 25 2022 - 7:44am, first published 7:43am
Treasurer Jim Chalmers. Picture by Sitthixay Ditthavong
Treasurer Jim Chalmers. Picture by Sitthixay Ditthavong

Treasurer Jim Chalmers' first budget will show the fiscal mountain has been more than halved since the $78 billion deficit forecast in the last Coalition budget in March, but there are warnings of tough times ahead with big, unavoidable spending pressures such as the NDIS, health, aged care and debt management.

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Karen Barlow

Karen Barlow

Chief Political Correspondent

Karen Barlow is ACM's Chief Political Correspondent. Working in the federal press gallery, she investigates and writes about federal politics and government. She has an interest in integrity, leadership and social equity. She has covered two Olympics and been to Antarctica twice. Contact her on karen.barlow@canberratimes.com.au

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