Labor’s increased surplus won’t woo stressed-out voters, experts say

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Labor’s larger-than-expected surplus will do nothing to quell voters crushed by the cost-of-living crisis, with one leading pollster fearing Labor is on a “short runway” to the next federal election but quickly “running out of tarmac”.

The final budget outcome, set to be released on Monday, will reveal an increased surplus from $9.3bn forecast in May to a projected figure in the mid-teens, with Treasurer Jim Chalmers saying the savings have come from less spending and not increased taxes or revenue.

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