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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.
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Newcastle HeraldNewcastle Herald
+3 Reposted by 3 other sources
Lean Left

Tax reform laid bare as Labor entrenches budget deficit

Australia's federal budget has locked in a decade of deficits, with structural reforms needed to reduce the tax...

·Newcastle, Australia
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  • 60% of the sources lean Left
60% Left
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Australian Financial Review broke the news in Sydney, Australia on Sunday, March 23, 2025.
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