CANBERRA, ACT, April 16 -- The Treasurer of Australia issued the following media release:
The latest data from the IMF shows that Australia has surged up global rankings for best budget management to have one of the three strongest budget balances in the G20, up from 14th under our predecessors.
Responsible economic management is a hallmark of the Albanese Labor Government and that's reflected in these new rankings.
This is an outstanding result that shows how responsible our budgets are and how resilient our economy has been in the face of extreme global uncertainty.
We're not immune from global volatility as a result of the conflict in the Middle East but thanks to the progress we've made in the budget, we're well placed to confront i...