Don’t expect a ‘big cash splash’ in this year’s budget, Jim Chalmers tells taxpayers

Treasurer says falling iron ore prices and a weaker labour market mean the large upgrades to revenue seen in the last two budgets will not be repeated

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Australians should not expect a big cash splash" from this year's federal budget although the government will bank a smaller share of any increase in expected revenues, the treasurer, Jim Chalmers, told a Sydney audience.

Chalmers said there would likely be additional cost-of-living help in the budget but it won't be anywhere near the magnitude of the tax cuts".

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