2022–23 Australian Federal Budget - October | |
---|---|
Submitted to | House of Representatives |
Presented | 25 October 2022 |
Parliament | 47th Parliament |
Government | Albanese government |
Party | Australian Labor Party |
Treasurer | Jim Chalmers |
Total revenue | A$607 billion[1] |
Total expenditures | A$650 billion[1] |
Surplus | A$22 billion[2] |
Website | budget |
2023› |
The October 2022 Australian federal budget was the federal budget to fund government services and operations. The budget was presented to the House of Representatives by Treasurer Jim Chalmers on 25 October 2022. It was the first budget to be handed down by the Australian Labor Party since their election to government at the 2022 federal election. It was the second budget to be handed down in 2022, with the preceding budget being delivered in March by the prior government.