Staring down years of deficits, Chalmers spruiks budget as a 'platform for prosperity'
- Treasurer Jim Chalmers will present a budget addressing a projected deficit of $26.9 billion while supporting struggling households and enhancing economic resilience amid global uncertainties, particularly rising tariffs from the United States.
- Key budget measures include extensions to energy bill relief, costing approximately $1.8 billion, and increases in Medicare funding totaling $8.5 billion, which have already been announced according to Mr. Chalmers.
- Shadow Treasurer Angus Taylor criticized Chalmers' focus on cost-of-living support, calling the economic situation 'dire for Australian households' and declaring it a 'complete and utter disaster'.
- Chalmers asserted that the budget reflects a turnaround of $207 billion while planning to make Australia's economy more competitive and resilient, countering Taylor's claims of a superficial budget.
22 Articles
22 Articles
Staring down years of deficits, Chalmers spruiks budget as a 'platform for prosperity'
With an expected decade of deficits on the horizon, Treasurer Jim Chalmers will try to convince voters that Tuesday's federal budget manages to balance the need to keep a lid on spending while giving struggling households enough support.
Budget 2025: Australian Treasurer Says Budget to Focus on Resilience Amid US Trade Tensions
Australian Treasurer Jim Chalmers says building resilience in the face of global economic uncertainty will be a core element of the budget to be handed down on the evening of March 25. Chalmers has described the budget as a chance to put the economy “front and centre” in the lead-up to the election, hailing it as a “budget to build Australia’s future.” But one factor stands out in Chalmers’ messaging on the upcoming budget—resilience. With U.S. …
National debt in focus as budget day arrives
Jim Chalmers will release Labor's fourth federal budget today under a cloud of increased national debt, and Anthony Albanese is under internal pressure for his salmon farming 'captain's call'. The post National debt in focus as budget day arrives appeared first on Crikey.
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