---
title: Budget Day surplus surprise
description: The treasurer has revealed ahead of Tuesday night’s budget that the 2022-23 bottom line has reached surplus.
---
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The Canopy is a weekday morning email newsletter provided by the team at Greenpeace Australia Pacific.
# Budget Day surplus surprise
Tuesday, 9 May 2023
[Jim Chalmers to announce first surplus in 15 years in 2023 federal budget](https://www.theguardian.com/australia-news/2023/may/08/jim-chalmers-2023-budget-expected-to-record-first-surplus-in-15-years)
The treasurer has revealed ahead of Tuesday night’s budget that the 2022-23 bottom line has reached surplus. The four-year budget projection is now $143bn better off than when the treasury carried out the same projection a year ago.
[Labor’s changes to gas tax will deliver little if any extra revenue, analysts say](https://docs.google.com/document/d/1JvCDyRXTeQ34NcGrB_9y7sN2bFpi7HhSbunTV2btybE/edit)
Australia’s changes to its tax on big gas exporters will deliver little if any additional revenue, analysts say, with any benefits in the short term coming at the expense of future budgets.
[As Torres Strait Islands face a 'climate crisis', there are calls for the government to 'see for themselves'](https://www.sbs.com.au/language/nitv-radio/en/article/the-torres-strait-islands-are-at-the-forefront-of-the-climate-change-battle/3yie0fduv)
Aunty McRose Elu has been campaigning for action to combat climate change on the Torres Strait Islands for decades. She’s now calling on Australian leaders to visit the area to "see the effects for themselves”.
[Albanese urges Coalition to back gas tax rise to sideline Greens](https://www.afr.com/politics/federal/albanese-urges-coalition-to-back-gas-tax-hike-to-sideline-greens-20230508-p5d6ja)
Anthony Albanese has accused the Greens of being “quite happy to shut the gas industry down” after the minor party lashed a proposed overhaul of the petroleum resource rent tax, adding pressure on the Coalition to back the changes
[Canberra’s oil and gas tax hike a ‘light touch’ says WA Premier](https://www.afr.com/companies/energy/canberra-s-oil-and-gas-tax-hike-a-light-touch-says-wa-premier-20230508-p5d6nw)
Mr McGowan described the Commonwealth government’s changes to the petroleum resources rent tax as a “light touch” on Monday, adding that the oil and gas industry had told him it wouldn’t curb investment.
[Ending fossil fuels too quickly ‘risks global crisis’, says UAE](https://www.afr.com/politics/federal/ending-fossil-fuels-too-quickly-risks-global-crisis-20230508-p5d6jw)
Shutting down fossil fuels too quickly risks a “massive crisis” globally, a visiting United Arab Emirates minister warned, as her country prepares to host UN climate change talks later this year.
[How First Nations can help keep Australia in the global clean energy race](https://reneweconomy.com.au/how-first-nations-can-help-keep-australia-in-the-global-clean-energy-race/)
Governments in the US and Canada have realised that establishing the right partnerships in the clean energy transition with First Nations is an investment decision. Although a laggard, Australia is moving towards this.
[Victoria’s koalas: abundant and widespread? Or diseased and dwindling? It’s complicated](https://www.smh.com.au/environment/conservation/victoria-s-koalas-abundant-and-widespread-or-diseased-and-dwindling-it-s-complicated-20230504-p5d5h0.html)
Victoria has released its new koala strategy, 19 years after the first one was created, into a world where the environment is under pressure from global warming, unprecedented bushfires and native habitat destruction.
[‘Unique’ frogs in NSW rainforests feared locally extinct after black summer bushfires](https://www.theguardian.com/australia-news/2023/may/09/unique-frogs-in-nsw-rainforests-feared-locally-extinct-after-black-summer-bushfires)
Several frog species are feared to be locally extinct in parts of New South Wales after the black summer bushfires, a survey of amphibian populations has found.
[climate change](https://blog.greenpeace.org.au/the-canopy/tag/climate-change), [Federal Budget](https://blog.greenpeace.org.au/the-canopy/tag/federal-budget)
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