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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.
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Newcastle HeraldNewcastle Herald
+3 Reposted by 3 other sources
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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
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Australian Financial Review broke the news in Sydney, Australia on Sunday, March 23, 2025.
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