The Final Budget Outcome for the 2022-23 financial year has been released on 22 September 2023.

The underlying cash balance was a surplus of $22.1 billion (0.9 per cent of GDP) in 2022-23, which was the first budget surplus in 15 years.

The Final Budget Outcome (FBO) encompasses Australian Government general government sector fiscal outcomes for the financial year and is based on external reporting standards. The Charter of Budget Honesty Act 1998 requires that a Final Budget Outcome be released no later than three months after the end of the relevant financial year.



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