Staring down years of deficits, Chalmers spruiks budget as a 'platform for prosperity'
- Australia will reach a record gross debt of $940 billion in 2024/25, an increase from $906.9 billion in 2023/24, according to Treasurer Jim Chalmers.
- The underlying deficit is projected at $26.9 billion, reported by Deloitte Access Economics.
- Economic performance has declined under the Albanese government, with Australians experiencing the steepest drop in per capita disposable income among developed nations, as stated by economists.
- Chalmers termed the budget as 'responsible economic management.
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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